ONTARIO WILLSServing all of OntarioBy videoconference with a lawyer. I WANT TO KNOW MORE ABOUT ...MAKING A PLANPOWERS OF ATTORNEYCOSTSPROBATEDRAFTING THE WILLWHEN IS A WILL LEGAL?DO I NEED A LAYWER?ESTATE DISPUTESESTATE PLANNING Who gets what, minimizing taxes, ...A plan is much more than a willA proper estate plan covers much more than just your will. Without a comprehensive plan, the risk of an expensive unwanted result is very high.The high cost of no planWhen there is no plan and no will, the results can be very painful.Houses: ways of owningJoint ownership, tenants-in-common, life interests – learn the difference and the power of these options for planning.Joint ownership of assetsJoint ownership of houses and savings can be an effective planning tool. It can also be a recipe for disaster. Use with caution!Beneficiary DesignationsDesignations for RRSPs, RRIFs, TFSAs, and life insurance are among the most powerful tools in estate planning. Used improperly they can cause great harm.Dependent support obligationsFinancial obligations to current and former partners, children, and parents are a key part of proper estate planningGifts while you are aliveA key part of estate planning is considering gifts made now not laterMultiple willsIf you own property outside Ontario, or own shares in private companies you absolutely must consider making multiple wills.Making a Will LegalSignatures and witnessesIn Ontario, the formal requirements are strict: for a will to be valid, they must be met completely.Affidavits of ExecutionA good will includes an affidavit of execution, prepared when the will is signed.Amending WillsAmendments must follow the rules for wills, or they are invalid.Storage of willsProper storage is crucial – a will that cannot be found is worse than useless.Powers of AttorneyPowers of attorney for propertyA power of attorney for property is crucial. Establish who can manage your finances for you.Powers of attorney for personal careEstablish who can make health care decisions for you when you are not able to instruct medical staff yourself.Choosing the right attorneyIssues to considerThe duties of attorneysThe key obligations of a power of attorney for property.Compensation and accounting for attorneysCompensation for attorneys. The requirement to provide accounts.Retention and destructionSecuring and replacing your POA documents.Attorney mistakes.What an attorney should not do.Free eBook on Powers of AttorneyIn plain English.Will Drafting - Key TermsExecutorsBeing an executor is a job not an honour. Choose wisely.Guardians for childrenLearn the rules and limits for naming a guardian for your child(ren) in your will.Legacies and bequestsWho gets what? is a key component of any will.Trusts in willsA properly drafted trust in your will can be an extremely powerful tool. Learn why.Contact UsName First Last Email* Please double check that you have entered your email correctly.PhoneOptional - add your phone number,Consent* I agreeI agree that this is an inquiry only, and no lawyer-client relationship exists until an Engagement Agreement in place between me and Miltons Esates Law.How can we help you?