Toronto Downtown Law Firm

Will Planning Ontario

1 King Street West, Unit 620 Toronto,

ON M5H 1A1

416-730-2835

Free Phone Consultations

9am to 11pm, 7 days

Choose the best law firm for will planning in Toronto Downtown

Securing your family's future is of utmost importance, and selecting the right lawyer to represent you is a crucial first step. Our team of experienced wills lawyers in Downtown Toronto have specialized expertise in determining how your assets will be distributed after your passing, giving you peace of mind knowing that your loved ones will be taken care of.

In addition, our will planning packages include a comprehensive power of attorney document for both Property and Personal Care, ensuring that your wishes are respected even if you are unable to make decisions for yourself. Trust us to protect your family's future with our expert legal services.

Understanding the Importance of Will Planning in Toronto Downtown.

Creating a will is a crucial process of legally documenting your wishes regarding the distribution of your assets and the care of your dependents after you pass away. If you have children, a will empowers you to select a guardian to take care of them if you and your spouse pass away. Proper planning of your will can minimize potential probate issues, ensuring a seamless transfer of assets to your beneficiaries.

By defining the distribution of your assets clearly, you can ensure that your family members receive their fair share. A well-prepared will can ease financial burdens for your loved ones and ensure their future stability. We are confident that we can assist you in determining the best course of action to protect your assets and plans for the future.

Legal Requirements for a Valid Will in Richmond Hill, Ontario, Canada

A. Testamentary Capacity

To create a valid will in Ontario, you need to have testamentary capacity, which means that you should be of sound mind and understand the consequences and nature of making a will.

B. Signing and Witnessing

In addition to being written, a will in Ontario must be signed by the testator and witnessed by at least two witnesses who are not beneficiaries of the will or their spouses. The witnesses must also be present when the testator is signing the will.

C. Revocation and Amendment

A will can be amended or revoked at any time. It is important to update your will if you experience significant changes in your life such as divorce, marriage, or the birth of a baby. You can consult a will law firm in Toronto Downtown to make sure your will is

up-to-date.

Ontario Will Planning FAQ

What happens if I don’t have a will?

It is crucial to note that when an individual dies without leaving a Will, it is referred to as dying "intestate". In such cases, the distribution of assets is determined by a legal formula used by the Courts, which is extremely strict and is based on intestacy laws.

It is imperative to have a Will as you have no say in who will manage your estate or be appointed as guardian of your children who are under the age of eighteen (18) if you don't have one.

If there is no Will, any family member can apply to the court for letters of administration, which will give them the legal authority to act as your Executor and manage your estate. Therefore, it is highly recommended to have a Will in place to avoid any complications.
If I get married or divorced, does that affect my will?

If you create a Will and then get married, it is usually canceled or revoked. However, this only applies if your Will was written in anticipation of your marriage.

If you divorce after creating a Will, any gifts you made to your former spouse will be canceled or revoked. Additionally, any appointment of your former spouse as executor, trustee, or Guardian will also be canceled. This rule does not apply if the Court determines that you did not intend to cancel a gift or appointment by divorcing.

If your marital situation changes or you want to revise your Will, you should seek the advice of our team.
What happens to any old wills?

It is crucial to locate and handle old Wills properly, whether by collecting them, destroying them, or notifying the holders of a new Will.