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Wills
A Will expresses an individual's "last will
and testament". In other words, it expresses his
or her last wishes that take effect upon his or
her death. It is only one part of a proper
Estate Plan.
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There are a number of formal requirements
that must be complied with for a Will to be
valid. That is why Will Kits are not generally
recommended, and why it is best to have a lawyer
draft your Will.
If you do not have a Will, make it a
priority to get one, even if you have little or
nothing. This is because a Will takes much of
the uncertainty out of what you want if you were
to die suddenly. Imagine for a moment that you
have just died unexpectedly. Don't you think
that it would be easier for your family and
loved ones if you have a will and an inventory
of your assets and liabilities. They will know
who you wish to act as your estate trustee
(formerly called Executor), who your
beneficiaries are and what goes to whom. A Will
relieves your loved one of the burdens of
uncertainty at a very stressful time.
Simple Wills are inexpensive. Complex Wills
are more involved and usually cost more, and are
usually part of an Estate Plan.
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You can do virtually anything you want with
your last Will. After all, it is your last Will.
We usually recommend that you keep your Will
simple unless there are specific things that you
wish to accomplish or certain things you wish to
do with specific assets.
For example, you may wish to establish a
"spousal trust" for your spouse, or special
trust for a child with special needs.
We generally try to help structure Wills to
minimize the tax consequences of death.
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Call for and complete our Wills
Questionnaire as best you can.
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Call (905) 855-8205 or use our
feedback form to
arrange an appointment to discuss a will.
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