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will is the cornerstone of the estate plan. The will allows
an individual (the Testator/Testatrix) to choose who will receive
assets on death, when the assets will pass and who will
be responsible for ensuring that the estate is administered
in accordance with the testator's wishes.
By
seeking professional advice prior to the drafting and
signing of the will, one may also be able to reduce
probate fees and taxes payable on death, reduce the
risk of a challenge to the will by disgruntled family
members and generally reduce the overall cost of administering
the estate thereby maximizing the amounts ultimately
received by the beneficiaries.
Most
people are aware of the benefits of having a will. They
are also aware of the additional hardships that may
be placed on their loved ones should they die without
a will (or with a will that no longer reflects their
wishes or which does not reflect their wishes because
of improper drafting) yet, amazingly, most adult Canadians
do not have a will! Even if a person is not planning
on dying in the foreseeable future, consider this- the
preliminary steps in preparing a will are the same steps
the person would take in preparing a financial, retirement
or tax plan.
Whether
a client wishes to protect loved ones in the future
or lay the ground work for enhancing his or her own
financial future, initiate the process by downloading
the Estate Planning Questionnaire below. New clients
and current clients who do not have a password can
obtain one by calling us at (416) MY1-4LAW (691-4529)
or by sending an email to password@eyton-jones.ca.
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