WILLS & POWER OF ATTORNEY MATTERS
Planning your estate today gives you the ability to express your own wishes about what should occur with your estate after you die. If you do not make a will, the law determines how your estate is distributed as per the Succession Law Reform Act (Ontario).
Estate planning includes wills, trusts and powers of attorney. Estate planning includes maximizing the benefits you can leave to your beneficiaries, appointing guardians for minor children, and specifying who can make decisions regarding your care and property if you are no longer able to do so.
Will is a written document that describes the distribution of estate after the death of its owner. It defines how the property should be taken care of and distributed among the specific people described by the demised person.
Power of Attorneys is a legal document that authorizes a person who is to take care of the trust in case of your demise or absence.
There are two types of Power of Attorneys:
Power of Attorney for Personal Care is for that person who has been given the authority to make decisions about your health care and other personal matters in the case of your mental instability.
Power of Attorney for Property is for that person who has been authorized to make decisions about your financial matters including bills payment, home selling, managing investment etc in the case of your mental instability.
Yash Verma Law Firm Professional Corporation can help you with estate planning and administration including legal advice in the process of drafting your wills, powers of attorney and assisting in the administration after the demise. Yash Verma Law Firm Professional Corporation can provide the following services
