People often avoid contemplating their own mortality and neglect to plan for the distribution of their assets when they die. Many put off to tomorrow planning that should be done today. Unfortunately, everyone will eventually pass away and often with considerable assets. In light of how our daily lives have changed as a result of COVID-19, we are receiving numerous requests from clients to review or draft comprehensive estate plans. This blog will discuss the top 5 reasons why you should consider having a Will prepared or updated.
It can often cost more to administer an estate where there was no Will than an estate with a Will and proper estate plan. Therefore, estate planning is an important aspect of organizing your personal affairs that should not be ignored. Our team of highly skilled Kitchener estate planning lawyers recognizes that estate planning can be a very personal matter that requires unique personal attention to ensure that we implement a comprehensive estate plan that respects all of your wishes, while minimizing the potential for family disputes.
Estate planning is the process of arranging your affairs to ensure that at your death your savings and assets will pass on to your beneficiaries in accordance with your wishes and without unnecessary tax consequences. This process can involve the drafting of Wills, Trusts, Powers of Attorney, and general estate management. Whether you are just starting out in your career and require a basic Will and Powers of Attorney or you have considerable assets and require a more detailed estate plan, our Kitchener estate planning lawyers are ready to assist you in meeting your goals and protecting your legacy. We offer reasonable flat rate packages for many of our estate planning services and discounted rates for spouses who wish to create similar estate plans.
If you believe that you could benefit from assistance in Estate Planning, we invite you to contact an experienced lawyer at our firm for more information about how we may be of assistance.
Aubrey Sherman is the managing partner at Sherman Law LLP in Kitchener, Ontario. His practice focuses on family law, estate planning, and estate administration. The team at Sherman Law LLP in Waterloo Region has over 40 years of experience providing clients with creative and innovative solutions. If you wish to discuss your family law or estate planning matter in further detail, please contact our office to arrange for a consultation. We can be reached by phone at 519-884-0034 or by email.