ESTATE PLANNING
Estate planning is a personal and highly individualized matter, encompassing everything from planning your retirement to planning for after your death. Proper planning with a good lawyer will allow you and your family to receive the full benefit of everything you have worked so hard to acquire. Unless you plan, your estate may be unnecessarily diminished if you become incapacitated during your lifetime. Without planning, the Province of Ontario statutes will determine who receives your assets and administers your estate at your death and your estate may unnecessarily pay substantial estate taxes. Without a plan, your family business may not be set up in the most advantageous manner for you and, ultimately, the next generation of owners in your family.
Many issues determine which estate plan is best for you and your family. Who will manage assets for your minor children if you die prematurely? Who will handle your assets and make decisions about your medical care if you become disabled? How can you protect your family financially if you have to go into a nursing home? What can you do to minimize taxes at your death, including the generation-skipping tax? How can you protect your spouse and your children if you have a “blended” family? What typed of business arrangement is best if you own a family business? Your estate plan should reflect your personal value system and unique circumstances. We are trained and experienced in all areas of estate planning, including, but not limited to:
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Questionnaire (MS Word File) (PDF) – Please fill this out prior to your first visit.
Please contact our law office in Kirkland Murphy & Kennedy, Smiths Falls for a complimentary consultation.
