A will is an important legal document that ensures your assets, such as properties or your investment portfolio are disbursed as you would choose in the event of your passing.
When a person passes without a will, the law will determine your estate's administrator and who will receive your inheritance without consideration as to what your wishes may have been.
Therefore, it is crucial to Plan and draft a will so you can ensure that your specific wishes regarding your estate are carried out.
A will can determine;
- Who will be responsible for administering your estate.
- Who will be the beneficiaries.
- Outline specifics for any beneficiaries who are not of legal age.
- Designate trustees.
A will along with other estate planning documents such as powers of attorney can also dictate your end-of-life choices and medical treatment. This is often referred to as a "living will".
Cook Law Firm in Markham serves all areas of Central Toronto and GTA: York, Halton, Durham and Peel; including Vaughan, Richmond Hill, Thornhill, Whitchurch-Stouffville, Unionville, Newmarket, Aurora, Woodbridge, North York, Etobicoke, Ajax, Oshawa, Brampton, Pickering, Whitby, and Mississauga.