Plan for the future with confidence with our comprehensive estate planning services. Contact us for details on pricing, duration, and how to book a consultation.
At Maysyuk Law, we offer comprehensive estate planning and administration services. From drafting wills to administering estates, we provide the legal expertise you need to plan for the future with confidence. We understand that every situation is unique, and we tailor our services to meet your specific needs. For more information on our services, pricing, and how to engage with us, please contact our office or visit our website.
FAQs
Why is having a will important?
A will ensures that your assets are distributed according to your wishes after your passing. Without a will, Ontario’s intestacy laws determine how your estate is divided, which may not align with your preferences. A will also:
Names your executor, who manages your estate.
Provides for dependents, including guardianship for minor children.
Minimizes potential disputes among heirs.
We guide clients through the process of drafting wills to ensure their intentions are clearly and legally articulated.
What is the role of an executor, and how can I choose one?
An executor is responsible for administering your estate, including:
Locating and valuing assets.
Paying debts and taxes.
Distributing assets to beneficiaries.
Choosing an executor requires careful consideration of their ability to handle complex financial and legal responsibilities. It’s advisable to select someone trustworthy, organized, and capable, or appoint a professional if needed. We assist executors in fulfilling their duties and navigating the legal complexities of estate administration.
What is probate, and when is it required in Ontario?
Probate is the legal process of validating a will and authorizing the executor to manage the estate. It is often required when:
The estate involves significant assets like real estate or investments.
Financial institutions or other entities request proof of the executor’s authority.
While not always necessary for small or straightforward estates, probate provides assurance to beneficiaries and third parties. We offer guidance on whether probate is needed and help streamline the process to reduce delays and costs.