Without a Will, the intestate laws of your province will make all the decisions required concerning the division of your estate. You are restricted to decide the following:
A Will is a legal document that allows you to decide who gets what part of your property and estate once you are deceased. With the seriousness of the pandemic, TR Law Firm recognizes that many want to secure their future by protecting their property and estates.
We would like to introduce our Wills and Power of Attorney Department that will help you gain peace of mind. By planning in advance, it allows you to stay in control. We treat you as friends and family, not as clients, so we want what’s best for your future.
Many Canadians are concerned about how to manage their finances, property, and real estate as uncertainty grows all over the world. As we are getting older, life may become unpredictable such as a work or vehicle accident or sudden illness and you are unable to deal with your finances. This is a good time to manage your affairs with a Power of Attorney.
A Power of Attorney is a legal document that you sign to give one or more than one person the authority to manage your finances, property, and real estate on your behalf. In most of Canada, the person you appoint (a spouse, family member, close friend, etc) is called an attorney.
A legal document that can give your attorney authority over all or some of your finances, property, and real estate. It allows your attorney to manage your finances and property on your behalf while you are mentally capable or mentally incapable of managing your affairs.
You will appoint an attorney in advance to ensure that you name someone who will responsibly take care of your finances. This is important if you have medical expenses or costs associated with long term care. This document must be written while you are mentally capable.
You will appoint someone to make medical decisions on your behalf should you become unable to make them. This document is often accompanied by your wishes for end-of-life care and also known as a Living Will.
Protecting your finances, property and real estate is an important step to secure your future from all sorts of uncertainties. When appointing your Power of Attorney, you should ask someone you trust such as a spouse or a family member. However, it is also important to understand the laws and regulations when signing this legal document.
You may want to consult a lawyer when entering into a Power of Attorney to make sure your document is valid and you understand what type of authority is given to the attorney. TR Law Firm will help our clients prepare all documents and legal work to ensure you have all your finances, property, and real estate protected and properly managed for any unpredictable life event.