Estates & Trusts
Whether we like to think about it or not, effective estate planning is essential to protecting those you love, and is critical to your peace of mind. An estate plan will ensure that your assets are protected and transferred correctly to your beneficiaries, and that your wishes are carried out. However, only 30% of Canadians have a current will. Without an estate plan in place, your family could suffer serious financial consequences if you die.
Estate planning involves wills, Powers of Attorney, trusts, tax planning, and charitable donations. Not having an estate plan creates a very stressful situation for your loved ones. Without your wishes clearly stated, there can be serious family disputes over your assets. In addition, you will have no control over who will raise your children, who will receive benefits from your estate, or be able to minimize the amount of tax your Estate will owe. In addition, if you are ever unable to take care of yourself, you will need to create a Power of Attorney to protect your interests while you are alive.
Mackesy Smye’s team of dedicated professionals includes lawyers knowledgeable in the intricate details of estate law. Do not let estate planning’s potential pitfalls come between you and providing a better future for you and your family.