Wills & Estate Planning
At Vireo Law, we offer customized Estate Planning services designed to protect your legacy. Our expertise includes drafting Primary and Secondary Wills that clearly outline your preferred asset distribution. We also assist with drafting Powers of Attorney to ensure that your financial and medical decisions are managed by a trusted individual should you become incapacitated.
Standard PackageS
We offer standard packages with transparent for clients looking for simple and effective Wills & Powers of Attorney.
individual WILL
$499 + HSTA simple and effective solution for individuals who want to document their testamentary wishes.
What’s Included:
Standard WILLS & Powers of Attorney Package
$749 + HSTA comprehensive solution for individuals who seek to protect their testamentary wishes and plan ahead in case of incapacity.
What’s Included:
Spousal WILLS & Powers of Attorney Package
$1,299 + HSTA robust solution designed for partners who want to safeguard their wishes and plan ahead in case of incapacity
What’s Included:
Comprehensive Estate Planning
For those with specific needs, we provide specific strategies protect your loved ones’ financial future. These include:
Frequently Asked Questions
Do I need a Will in Ontario?
A Will ensures that your asserts are distributed per your wishes upon your death. It also allows you to optimize and lower the potential taxes that my arise due to your death. It is highly recommended that everyone have a Will.
What happens if I pass away without a Will in Ontario?
Dying without a Will means that your estate is administrated per the intestate succession rules in the Succession Law Reform Act. This means that your assets may be distributed in a manner different that your wishes. For example if you have a common law spouse, they will not automatically inherit from your estate.
I am married, do me and my partner require separate Wills?
Yes, you and your partner should each have your own Will.
What is a Trust? Do I need to have a Trust as a part of my Estate Plan?
A trust allows you to transfer assets to a trustee, who will then manage and distribute the trust assets according to the your instruction. Trusts can also give a spouse some control over how their assets are handled after their death (for example, you can create a testamentary trust to support your surviving spouse but direct that any remaining assets are passed on to your children at a certain time). However, you should carefully consider whether a Trust is required to effect your estate plan, as they are costly and more complex than Wills.
How much does a Will cost?
Please see above for our standard packages. Contact us directly to discuss individualized estate planning, including trusts and corporate planning.