Wills, Trusts & Estates
Customized Estate Planning Advice To Meet Your Needs
The Importance of an Estate Plan
At BKS Law, we will take the time to discuss your estate planning options and fully explain the legal implications of those options, while also highlighting the financial and tax effects. We are experienced at helping individuals and families, including those who are persons with disabilities or members of blended families, to make plans that may or may not involve children from a previous relationship, new spouses, and the preservation of assets from a previous marriage or, in the case of persons with disabilities, government benefits.
In addition, BKS Law can also advise individuals and families with assets outside of Canada as their estate plan must take into consideration cross-border issues related to domicile, forced heirship, and foreign taxes and reporting rules.
Having an estate plan, which often includes a properly drafted will, allows you to:
- Control how your property will be distributed after death.
- Choose who will be responsible for administering your affairs.
- Choose who will act as guardian of your minor children.
- Establish trusts for beneficiaries with disabilities, who are minors or have other unique needs.
Components of an Estate Plan
- Preparation of wills, testamentary trusts, and insurance trusts
- Powers of attorney
- Health care directives
- Representation agreements
- Trusts, including Alter-ego, Joint partner and Family trusts
- Business succession, corporate reorganizations, and estate freezes
- Probate fee reduction strategies