Wills & Estates
Wills and Estate Planning in Sarnia, Ontario
The need to drawing up a last Will rarely seems like an imminent duty. But the fact remains that regardless of how old or young you may be, securing a legally-binding Will remains a critical necessity.
Wills are not merely documents that outline how your assets will be divided after you pass. They are an inherent act of kindness that expresses and delivers your wishes to family, friend, and loved ones. By not having a Will in place, you force the government and decide for you.
That’s why it’s imperative to already have a legally sound Will in place. At the law firm of George Murray Shipley Bell, LLP, our experienced Sarnia lawyers provide the vital legal services you require to craft a legally-sound Will. From the registration of legal wills and trusts and experienced estate planning, George, Murray, Shipley, Bell, LLP can provide the insights into developing a Will that represents your very wishes.
Benefits Of Creating A Will
The primary advantage of working with one of our Sarnia lawyers is that a legally-binding document directs your wishes. A person of your choosing will be designated to carry out the distribution of wealth and detailed personal items. Debts will be repaid, funeral expenses covered and the remaining wealth and personal belonging appropriately distributed.
Another critical component of a legally-sound Will involves designating guardianship in the event you leave behind a minor or dependent child. The Will allows you to select a person with similar values who would raise your child in a desirable environment. It also lets you pick someone you trust.
What Happens Without A Will In Place?
When a person fails to craft a Will, their wealth and personal property are distributed by the rules under the Succession Law Reform Act. Often called “intestate,” the government has a hard set of regulations it follows. These include the following.
- The first $200,000 goes to the spouse unless a financially dependent heir makes a claim.
- After $200,000, the remainder is divided between the surviving spouse and direct heirs.
- If unmarried, the children or grandchildren may inherit the estate.
In the absence of a spouse, children or grandchildren, the court will reach out to extended family members such as siblings, cousin, and others. Although this seems like a logical method, it likely differs from the subtle differences you might make. For instance, items such as family heirlooms and things that hold great personal value would merely be assigned a monetary value.
Contact An Experienced Team of Estate Planning Lawyers in Sarnia Ontario
Working with an experienced attorney to craft a Will amounts to more than just tidying up your affairs. It’s an act of kindness that demonstrates how deeply you care about the loved ones we will all leave behind some day. If you do not have a Will or need to update an existing one, contact George Murray Shipley Bell, LLP, and schedule a consultation today.
Our Wills and Estate Planning in Sarnia, Ontario Lawyers :