Toronto Estate Planning Explained

The laws regarding estate planning can differ depending upon which province you live in. This is a brief introduction to the protocol involved in Toronto estate planning.

2011-06-23

June 23, 2011 (Press-News.org) Preparing your estate plan

Creating your estate plan will require an estate lawyer who will help you to prepare a structured agreement detailing the passing of your worldly goods to your intended beneficiaries.

Your estate plan should provide a clear outline of your intended objectives for the transfer of your estate. The intention of the process is to provide a semblance of clarity to proceedings while preventing costly potential problems such as executor disputes.

The documented agreement should contain a detailed breakdown of your liabilities as well as your assets. It should also provide details of the appointment of an estate trustee or the provision of power of attorney where applicable.

Once you have completed your estate plan you can proceed, with the help of your estate lawyer, to the drafting of your will.

In the event that you do not provide an estate plan and a will, the passing of your estate may involve higher costs and delays or complicated executor disputes.

At Hull & Hull we have a team of Toronto estate lawyers with many years experience in handling executor disputes, the preparation of wills and estate plans and all other related legal issues. Contact us if you require legal advice or representation in Toronto for estate planning.

Hull & Hull
Toronto Office
141 Adelaide Street West, Suite 1700 | Toronto, ON M5H 3L5
Telephone: 416-369-1140
Telephone: 866-497-0903
Fax: 416-369-1517

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