Wills and Estates Lawyer Near Toronto, ON

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Securing Your Future with Comprehensive Estate Planning

Planning for the future is essential to ensure that your assets are distributed according to your wishes and that your loved ones are cared for. Forrest Law offers specialized legal services in estate planning to Toronto residents, providing personalized solutions to meet your unique needs.

The Necessity of a Detailed Estate Plan

Creating an estate plan involves more than just drafting a will. It ensures that your wishes are respected, your loved ones are provided for, and your estate is managed efficiently. With a comprehensive estate plan, your assets may be distributed as you intended, potentially causing stress and legal complications for your family.

Tailored Estate Planning Services

At Forrest Law, we recognize that each client has unique circumstances. Our approach to estate planning is centered around personalization. Whether you need help drafting a will, setting up a trust, or designating a power of attorney, we ensure your estate plan reflects your specific needs and desires.

Crafting Your Personalized Will

A will is the foundation of any estate plan. It allows you to outline how your assets should be distributed, name guardians for minor children, and appoint an executor to manage your estate. At Forrest Law, we work closely with you to create a will that reflects your unique circumstances and ensures your estate is handled according to your wishes.

Setting Up Trusts for Asset Protection

Trusts are versatile tools in estate planning that help manage and protect your assets. They can be used to minimize taxes, shield assets from creditors, and ensure that beneficiaries receive their inheritance at the appropriate time. Our team can guide you in establishing various types of trusts, including revocable living trusts and irrevocable trusts, tailored to your specific needs.

Designating Powers of Attorney

A power of attorney is a critical component of an estate plan, granting someone you trust the authority to make financial and healthcare decisions if you become incapacitated. We assist you in appointing a power of attorney and provide advice on the scope and limitations of their authority to ensure your affairs are managed according to your wishes.

Committed to the Toronto, ON Community

Forrest Law is dedicated to serving the Toronto community with integrity and professionalism. Our office, located at 285 Taunton Road East Unit #111, Oshawa, ON, L1G 3V2, is accessible to residents in Toronto and the surrounding areas. We are passionate about helping you achieve your estate planning goals. We are always available to provide support and answer your questions.

Location

285 Taunton Road East Unit #111, Oshawa, ON, L1G 3V2

Phone

289-295-3805

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Frequently Asked Questions

Can a will be contested and on what grounds?

Yes, a will can be contested on several grounds including lack of testamentary capacity, undue influence, improper execution, or fraud. If there is evidence suggesting any of these issues, the court may invalidate the will or parts of it. It is important to ensure that the will is clearly written and legally sound to minimize the risk of it being contested.

What are the rights of common-law partners in estate matters?

Common-law partners do not have the same automatic inheritance rights as married spouses under Ontario law. They may need to make a claim against the estate to receive a share. It is advisable for common-law partners to include each other in their wills explicitly to ensure their wishes are honored.

How are digital assets managed in an estate plan?

Digital assets, such as social media accounts, digital currencies, and online businesses, should be included in your estate plan. You can provide instructions for managing these assets and appoint a digital executor. This ensures that your digital assets are handled according to your wishes, preventing unauthorized access or loss.

Can I make changes to my will without a lawyer?

Yes, you can make changes to your will without a lawyer by creating a codicil, which is a legal document that amends your will. However, it must be signed and witnessed in the same manner as the original will. For significant changes, it may be advisable to draft a new will to ensure clarity and avoid legal complications.

What happens if I lose my original will?

If the original will is lost, it does not automatically invalidate the will. However, it can complicate the probate process. The court may accept a copy of the will if it can be proven that the original was not intentionally destroyed to revoke it. It’s crucial to store your will in a safe and accessible place, and inform your executor of its location.