Wills & Estates

Will is the single most important legal document one will ever create. Your entire life’s savings and earnings will flow through Will. Inhaam Law Office can help you in protecting your assets are most passed on to your beneficiaries in the most timely and least expensive way.
We can also help trustees or family members gain certificate of trusteeship in order to dispose off the estate assets.

• Discussing with the clients to customize their needs in preparing Wills.
• Drawing up of a Power of Attorney for property decisions or personal care decisions as part of an estate planning consultation including taking instructions and attending on signing
• Creating General or Specific Power of attorney as per the requirement and needs on individual basis.
• General review of client’s affairs and planning of estate, drawing Will, Powers of Attorney, trust instruments and/or other documents
• Preparing Statutory declarations for the general and specific requirements
• Creating affidavits, directions or other documents as per client requirements

Please contact Inhaam Law Office to assist you with Will Preparation and Estate Planning.

 

Wills, Estate Administration & Estate Planning

Every Canadian should have a will. Whether you have children, are married or divorced and whether or not you think you have a small or large estate, a will ensures that, upon your death, the distribution of your assets will be carried out in accordance with your wishes. If you die without a will, your estate will be administered pursuant to certain provincial legislation and your beneficiaries may be subjected to unnecessary costs, delays and even litigation.
It is also important for many people to plan for circumstances where they are no longer able, due to either a mental or physical condition, to take care of their property or to properly attend to their personal care. To assist people facing this situation, powers of attorney may be a valuable tool. There are two types of Powers of Attorney — one for assets and one for personal care. Powers of Attorney are used to allow you to designate someone to act in your stead to deal with your assets or personal care if you are incapacitated or otherwise unable to manage your financial or health care needs.
If you do not already have a will or powers of attorney, the lawyers of our firm are available to discuss your estate planning needs. If you already have an estate plan, it remains important to review this plan from time to time to ensure that legal developments and legislative changes do not adversely impact your expectations. It is also important to review your will to ensure its currency as life circumstances change.

 

Death and Inheritances

When a person dies without a will, there are laws that determine what happens to their property and what the process is before their estate can be dealt with.

 

Powers of attorney

A power of attorney is a legal document in which one person gives someone else the power to act on their behalf. In Ontario, there are laws that set out the two types of power of attorney that can be used if a person becomes incapable: a power of attorney for personal care and a continuing power of attorney for property.

 

Is having a Continuing Power of Attorney For Property worth the risk?>

A Continuing Power of Attorney for Property (CPAP) allows the person you name as your attorney for property to do anything with your money and property that you could yourself, except make a will. It's a powerful document and can be misused. This LEARN LAW column looks at ways to reduce the chances of someone taking advantage of you.

 

Preparing a will

A person's will is a written document that sets out their instructions for what should happen to their estate (property) after death. It also names a person (formerly known as an executor but now called an estate trustee) who will carry out the terms of the will.