We go through life amassing more assets than we might realize, and no matter how large or small your estate is, protecting your legacy should be a priority. However, without proper planning, there is a risk that our assets and interests will not be safeguarded. That’s where wills and estate lawyers come in—they can help ensure that your assets are distributed according to your wishes and that your loved ones are taken care of.
Our lawyers in Toronto, Ontario, at Nanda & Associate Lawyers can make the planning and the implementation as smooth as can be. Here are some ways that hiring some of the best estate lawyers in Toronto can help protect your legacy:
Drafting a Will
A will is a document that states your wishes about your assets’ distribution at the end of your life. The top lawyers can help you draft a will that is clear, comprehensive, and legally valid. Without a will, matters will be left to the laws of intestacy, which could go against what you or your loved ones need.
Trusts
A trust is when an appointed trustee holds assets temporarily for the beneficiary and is generally employed when a minor is involved. Trusts can secure your assets to ensure your will is implemented, especially if there are young beneficiaries who aren’t able to receive their portion of the estate immediately. A lawyer can help you set up a trust tailored to your specific needs and circumstances.
Powers of Attorney
A power of attorney is a legal statement that gives someone else the right to make decisions on your behalf if you’re unable. A wills and estate lawyer can help you draft a power of attorney that reflects your wishes and ensures that your affairs are handled in a way that is consistent with your values and beliefs. When it comes to disputes, our estate litigation lawyers can handle that in the courtroom.
Minimizing Taxes
Our estate lawyers in Toronto can help you reduce the taxes that your estate will owe after you pass away. This can help protect your legacy by ensuring that more of your assets are passed on to your loved ones rather than being consumed by taxes.
Guardianship
If you have children who aren’t of age, our team has an empathetic understanding of family law and can appoint a guardian who will be responsible for their care. Once you know that your dependents will be taken care of by someone you trust and who shares your values, you know you’ve done the most you could for them.
In addition to these services, the wills and estate lawyers at Nanda & Associate Lawyers can also provide guidance and support to your family while you’re grieving the loss of a loved one. They can help an executor navigate the legal and administrative process of settling your estate, and they can provide support and advice to your beneficiaries as they navigate the emotional and practical challenges of losing a loved one.
At Nanda & Associate Lawyers, our team includes divorce lawyers, personal injury lawyers, and immigration lawyers. Click here and book a consultation to place all your legal matters in skilful hands.
Disclaimer: This article is only intended for educational purposes and shouldn’t be used as a substitute for legal advice.
