Comprehensive Estate Planning and Administration Services
Dealing with the passing of a loved one is very stressful; dealing with estate administration, at the time when one should be grieving, should not be. We at MBLAW offer comprehensive counseling and guidance to our clients with preparing their will in such a way that ensures that their wishes are carried out. A well-constructed will can provide for your family, reduce tax liabilities, and safeguard minors.
Last will and testament comes into effect when one passes and deals with distribution of ones estate, power of attorney on the other hand address individuals needs with one becomes incapacitated. Powers of Attorney documents thus form an essential component of any well-designed estate plan.
Consultation Inquiry
Embark on Your Wills and Estate Planning Pathway
MBLAW provides a range of Wills and Estate services, designed to secure your legacy and safeguard your interests. Whether it is crafting a will or establishing powers of attorney, we are here to guide you through the process with expertise and care. Your path to a secure future begins here.
Powers Of Attorney For Personal Care
Powers Of Attorney For Property
Wills
Step-by-Step Wills and Estate Planning Process
We are convinced that estate planning should not be postponed. Regardless of whether you have just acquired your first real estate property, have numerous grandchildren and a substantial investment portfolio, or fall somewhere in between, it is essential to plan for the future. Allow our team at MBLAW to collaborate with you in creating a will that addresses your unique needs and considerations.
Our comprehensive estate planning package encompasses the following essential documents: Last Will and Testament, Power of Attorney for Property, and Power of Attorney for Personal Care. This all-inclusive approach ensures that your assets, property, and personal well-being are managed according to your wishes and preferences.
Contact Our Team
Reach out to our team at MBLAW to discuss your estate planning needs and ensure that we can take on your case within your desired timeline. Our dedicated staff will assess your requirements and promptly inform you if we can accommodate your case, providing you with the necessary guidance to move forward in the process.
Receive Retainer Package
After confirming, a team member will send you our retainer package and a detailed questionnaire to gather essential information for your estate planning process. Carefully review the retainer package, sign the necessary documents, and complete the questionnaire, providing accurate and comprehensive information about your estate and personal preferences.
Consult with an Estate Lawyer
After completing the questionnaire and paying the retainer fee, one of our estate lawyers will discuss your preferences regarding executors, beneficiaries, and any additional wishes before drafting your will.
Review and Sign Your Will
During the appointment, we will present a draft will for you to review and ensure that it accurately reflects your wishes. After your confirmation, our lawyer will oversee the signing and execution of your will.
Reviews of Our Satisfied Customers
Our success is driven by a client-centric approach, in-depth industry knowledge, and extensive experience, which together create a winning formula for addressing our clients’ needs time and time again. As a result, our greatest reward is the trust and loyalty of our repeat clients.
After recently buying a property, I was recommended MBLAW and I couldn’t be happier with their service. They took their time to understand my needs and worked efficiently to prepare the documents. They even explained how to keep these documents up-to-date. Thank you, MBLAW, for your excellent work!
I had no idea how complex estate planning could be until I met with the team at MBLAW. They guided me through the process of drafting my will and setting up my Power of Attorney for both property and personal care. Their detailed approach made it stress-free. I now have peace of mind knowing that my affairs are in order.
Frequently Asked Questions
Why do I need a Will?
A will expresses your wishes for distribution of your assets and your child’s guardianship.
In case of passing without a Will, your money may not go to the people you think. This can result in inadequate financial assistance for dependents. Without an appointment of a guardian for your minor children and pets, your dependents may be cared for by someone you do not want to have involved. Lastly, if you do not have a Will, your assets could be tied up in estates court for a length of time.
Should you die without a will, the Ontario Succession Law Reform Act will step in and govern how your property will be settled among your relatives.
Who can be an executor of my will?
An Executor is a person who is legally responsible for overseeing the settlement of your estate. You can choose among our family members or a trustworthy friend. An executor can also be a beneficiary under the Will. You can also choose two executors, who jointly will work together to settle your estate. An executor is responsible for filing your Will with the local probate office, notifying banks of your passing, maintaining your real estate properties until they are sold and lastly paying taxes and debts of the estate.
What happens if I lost my Will?
A lost Will does not necessarily mean that it was revoked. If you have a true copy of the original, it can be used to obtain probate. If a true copy is not available, the estate will be distributed according to previous Will, if you have one, or intestacy (if you do not have any other Wills).
If the testator is alive, they can revoke or cancel their previous will by writing a new will to ensure that the estate will be distributed in accordance with their wishes.
Which is more suitable for my spouse and me: a joint will or individual wills?
A joint will, signed by both spouses, typically leaves their assets and property to each other, while separate wills address each spouse’s estate independently.
Once one spouse passes away, a joint will becomes irrevocable and can create difficulties for the surviving spouse if updates or changes are needed. Given that you both have distinct estates, it may be preferable to opt for separate wills or even mirror wills. Mirror wills are essentially identical to joint wills but can be updated at any time, like individual wills.
Wills and Estate Insights
Welcome to our Wills and Estate Insights blog, where we share valuable information, updates, and expert advice on estate planning, will preparation, and related legal matters. Stay up-to-date with our latest articles and insights to make informed decisions for yourself and your loved ones.
