Toronto Midtown Law Firm

Will Planning Ontario

2300 Yonge Street, Suite 1600

Toronto, ON M4P 1E4

416-730-2835

Free Phone Consultations

9am to 11pm, 7 days

Choose the best law firm for will planning in Toronto Midtown

Choosing the right lawyer to represent you is a crucial step in protecting your family's future. Our team of expert wills lawyers in Toronto Midtown specializes in precisely determining how your assets will be distributed after your passing. Additionally, we provide a comprehensive package of will planning that includes a power of attorney document for both Property and Personal Care.

We assure you that with our services, you can have peace of mind knowing that you have made the right decision for your family's future.

Understanding the Importance of Will Planning in Toronto Midtown.

Creating a will is the essential legal process of documenting your wishes about how your assets should be distributed and your dependents should be taken care of when you pass away.

If you have children, a will enables you to choose a trusted guardian to take care of them in the event that you and your spouse die. With our expert guidance, proper planning of your will can help you minimize potential probate issues and ensure a smooth and hassle-free transfer of assets to your beneficiaries.

By clearly defining the asset distribution, you can ensure that your family members receive their fair share. A well-prepared will can ease the financial burden for your loved ones and help ensure their future stability. We are confident in our ability to help you determine the best course of action to safeguard your assets and plans for the future.

Legal Requirements for a Valid Will in Toronto Midtown, 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 Midtown 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, the Will is usually canceled or revoked, but only if it was written in anticipation of your marriage.

If you get divorced after creating a Will, any gifts you made to your former spouse are canceled or revoked. In addition, any appointment of your former spouse as executor, trustee, or Guardian is also canceled. However, 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, it is recommended that you 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.