A properly prepared will allows you to control who receives your assets when you pass away and who has guardianship of your minor children.
BOYNECLARKE LLP’s Wills, Estates and Trusts Team provides client centred, tax-driven planning and a range of services for both individuals and commercial clients. We are also experienced in resolving the disputes that may arise in connection with wills, estates and trusts through the involvement of practitioners from our Litigation Team, when required.
Why do you need a will?
Anyone over the age of majority can benefit from having a will prepared. Not only is it a flexible way to provide evidence of your wishes but it can reduce the stress and uncertainty for family members and loved ones after you have passed. We offer our clients assistance with drafting a will or living will and revising a will.
Although each person’s life is different, it is important to consider the following benefits of having a will:
- You have control over divisions of assets upon death
- You control the age your child or children receive their inheritance
- You decide who is responsible for your estate by appointing an executor
- It provides instruction for the guardianship of any minor or dependent children
- It helps to minimize tax implications
- It speeds up the probate process
What is involved in estate planning?
Today, the area of estate planning involves much more than making arrangements for the distribution of property on death. Estate planning also involves arranging transfers in the event of death or illness, planning in relation to nursing care costs and the appointment of an agent to give consent concerning medical treatment. We ensure that you are aware of all of the different aspects of estate planning and ways in which we might be of assistance. We work with you to prepare detailed estate planning documents.
Many times it will be to your benefit to combine the preparation of a will, a power of attorney, and a medical consent with general advice on all aspects of estate planning.
How We Can Help
We assist clients ranging from newlyweds who are having their first simple estate plan drawn up, to high net wealth individuals. Our approach to estate planning is to ensure that we understand all of the variables that may affect your estate planning, including assets, liabilities, family structure, and family members not included in the estate. This thorough approach ensures that we have all of the information we need to appropriately advise you on the following matters:
- Business succession planning
- Establishing family trusts
- Guardianship applications
- Medical consent appointments
- Powers of Attorney
- Tax planning to minimize the tax implications
- Trustee appointments