A properly drafted will is very important. It can enable you to provide for your family. A will can enable you to distribute your assets according to your instructions without the need for court intervention. A will can also be used to designate a guardian for your minor children in the event of your death.
Sweatman Law Firm of Oakville, Ontario, has an experienced estate planning practice. We draft wills and powers of attorney, review business succession plans and create guardianships and other legal instruments that can preserve assets and help our clients gain peace of mind. As you go through life, it is important to update your will and other estate documents. After a marriage, the arrival of a child, a divorce or other significant life event, our law firm can help you amend your will and other estate instruments in an appropriate manner.
Offering Customized Estate Planning Solutions in Oakville, Canada
Sweatman Law Firm provides personalized legal advice and services that are specifically tailored to meet our clients' needs. An Oakville estate planning lawyer at our firm is available to meet with you to discuss your family, your finances and your goals. Based on your situation, we will then craft a will and other estate planning documents that can help you achieve your goals.
Mississauga Administrative Powers Law Firm
When you are drafting a will, it is important to consider the administrative powers included in a will. There are two sources of these powers: statutory powers as set out in provincial law and the will itself.
Statutory powers are very basic and simply give the trustee authority to preserve trust property, to invest and vary instruments, and to sell property or employ agents.
However, you should also provide for other administrative powers in case they are needed or useful, such as:
- The power to make a spousal RRSP
- The general power to make tax elections
- The general power to deal with corporate securities
- The power to pay taxes on behalf of a beneficiary to whom income has been allocated
- The power to limit or expand an estate trustee's discretion
- The power to enter into corporate reorganizations
Addressing the gaps ensures your estate trustee is able to effectively administer your estate, including any appropriate post-mortem tax planning on behalf of the estate. When meeting with us, we can discuss these and other matters.
Contact Our Estate Planning Lawyers Serving Oakville and Surrounding Areas
To schedule a consultation with one of our Oakville will drafting and estate planning lawyers, contact Sweatman Law Firm. We are committed to representing clients in Oakville, Mississauga, Burlington, Milton and throughout the Greater Toronto Area.
