LAWYERS FOR WILLS IN OSHAWA
Your will is one of the most important documents you'll draft. It dictates the financial future of your loved ones and protects your assets. If you are looking for experienced lawyers for wills in Oshawa, visit the office of Sheldon Stein Barrister & Solicitor. We can help you draft your will to make its contents uncontentious.
When you enlist the services of our lawyers for wills in Oshawa, you receive legal assistance that is completely personalized. We will assess your finances and wish to create a will that reflects you. Our lawyers work hard to ensure your will adheres to all the relevant legalities, leaving no room for future familial disputes.
Would you like to make an appointment with us? Please contact our team.
What Is a Will?
Simply put, a will is a legal document that outlines how your assets will be dealt with after you pass away. Some of the many fundamentals that a will addresses include:
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Beneficiaries
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Appointment of an executor
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A plan for when and how the beneficiaries will inherit the assets
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Appointment of legal guardians for any minors
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And more
If you'd like to know more, we invite you to schedule an appointment with our lawyers for wills in Oshawa.
Making a Will
While you can write your own will and sign it to make it legal, it is always better to have it written by a lawyer so that there is no misunderstanding and no wishes of yours are left open to interpretation. Professionals have a deeper understanding of the law and will ensure that all the points mentioned in your will are permissible by law.
Once your will is drafted, please keep it in a safe place that the executor knows about. You must review it every few years to ensure it reflects all your wishes. You can also get it updated after significant life events like marriage, divorce, property acquisition, children's birth, family death, etc.
Why Are Wills Important?
There are numerous reasons why having a will is essential. These include:
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Asset division: If you pass away without a will established, the courts will decide what happens to your assets. This means there is a chance that the asset might not end up in the hands of your loved ones.
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Securing financial future: Asset division becomes unnecessarily lengthy and tedious without a will. This jeopardizes your family's financial future.
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Protecting your kids’ future: With a will, you can dictate the terms of your children's care. When you don't have a will, the court must decide what happens to them.
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Limiting taxation: With a solid will, you can limit probate taxation and fees, which protects your assets. This ensures your loved ones get adequate access to your assets.
Would you like to learn more about the importance of wills? Please speak to us. We can also help you with real estate matters.
Reasons to Update Your Will
Your will should reflect your current relationship dynamics and wishes. These can frequently change as per the circumstances. It might be time to upgrade your will if you're facing the following:
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Divorce or separation: After a separation or divorce, your wishes regarding your spouse in relation to your assets might change. Your will should take these changes into account to reflect your desires.
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Engagement or marriage: If you've been recently engaged or married, consider upgrading your will to incorporate this change in your life.
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Changing relationship dynamics: Your relationships with your loved ones can change. You might become closer to some people while becoming more distant from others. It might be helpful to change your will if the circumstances deem it appropriate. For instance, you might have severed a relationship with someone who you thought should inherit some of your assets in the past.
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Birth or adoption: Typically, the children are one of the most pivotal aspects of a will. You probably want to ensure that your children are well provided for in your will. If you've recently become a parent through birth or adoption, you might consider upgrading your will and thinking about guardianship.
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Developments regarding assets: Several changes can occur in your life, affecting your assets. For instance, you might inherit substantial money or face a devaluation of your current assets. Whatever the changes to your estate, they should generally be reflected in your will.
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Location change: Every province in the country has different laws regarding wills and their administration. If you or the executor of your will move to a different province, you should upgrade your will with the assistance of a lawyer.
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Time since the last update: Generally, it is considered prudent to update your will every 3-5 years. However, if you've experienced a significant change in your life, you don't have to wait that long.
Would you like to know more about updating your will? Please contact our lawyers for wills in Oshawa today. We can also assist you with real estate matters.
Contact Our Lawyers for Wills in Oshawa
You can also rely on us for estate planning and administration services. Our lawyers for wills would love to assist you! Please reach out to us today for an appointment.