Will Drafting Lawyers in Toronto, Ontario
McMaster, McIntyre & Smyth, LLP - will drafting lawyers in Toronto, serves clients throughout the Greater Toronto Area (GTA), including the communities of regions of Peel, York, Durham, Halton, Etobicoke and surrounding areas.
It is always important to plan ahead. Every person is unique, and everyone's family, beneficiary, health and wealth plans are different. Drafting legal wills and trusts that protect your interests in life, sickness and death can go a long way toward bringing you peace of mind.
At McMaster, McIntyre & Smyth, LLP, we help clients throughout the Greater Toronto Area craft personal and customized wills and trusts. These are not just forms where you fill in the blanks. Our lawyers specialize in this legal work and ensure all your needs and goals are accounted for comprehensively.
- A will is a written document that establishes your last wishes for your estate. It details how your estate should be cared for and distributed following your death. It will address particulars such as property, care of under age children, special needs of beneficiaries and other asset distributions.
- Trusts are created to hold property or other assets for a particular beneficiary or to divide benefits among beneficiaries. Trust can be created by your will or separately during your lifetime. You can also protect beneficiaries such as children, disabled family members, second spouses or other beneficiaries with special needs through many different types of trusts.
Revocable and Irrevocable Trusts
In some situations, trusts are critical. They allow the grantor a greater amount of control over managing the details of asset transfers and complications can be minimized.
We take the time to understand your individual situation, needs and goals, and we help you apply the right type of trust for your plan.
A variety of irrevocable trusts will allow your assets to transfer to beneficiaries while avoiding taxes and probate fees. The trusts allow you to designate who will receive the proceeds and when, but the terms of the trust cannot be revoked.
Revocable trusts (e.g. alter ego and joint partner trusts) can also protect assets from probate taxes and costs, and the terms can be altered or revoked at any time during your life. Trustees are instructed how to distribute assets to beneficiaries while you are alive, incapacitated or upon your death.
We can help you determine which trust(s) most benefit your needs and goals, and we can guide application of the features of wills and trusts to very specific situations.
Contact a Will and Trusts Lawyer