Wills & Estates Lawyer
A will is a legal document that sets forth your wishes of how you want your property and assets to be distributed upon passing away. It may also name a guardian for any minor children you have and leave specific instructions such as arrangements for your funeral. Revisiting your estate plan every few years gives you an opportunity to make sure that your affairs are in order. Updating your will is important as your life and needs change due to events such as the birth of a child, marriage or divorce, a death in the family, or acquisition of property.
What happens if you don’t have a will? If you pass away without a will, the law states that you have died “intestate”, which means that there are no instructions on how to divide or distribute your assets. In this circumstance, Ontario’s Succession Law Reform Act governs how the estate is to be distributed. This process is often longer and more expensive. Drafting a will is crucial so that you decide how your property is to be distributed rather than the laws of the province.
Our team at Goldstone Lawyers Professional Corporation will help educate you throughout the process. We will prepare and organize your estate plan so that you gain peace of mind knowing that your wishes will be upheld.