Services

Wills and Estates

Wills and Estates

While it may be difficult to think about death or disability, establishing an estate plan is one of the most important steps you can take to protect yourself and your loved ones. Proper estate planning not only puts you in charge of your finances, but it can also spare your loved ones the expense, delay and frustration associated with managing your affairs should you pass away or become disabled.

At Payal Law, we sit with our clients and explain each step of the process. We craft each client’s estate plan to meet his or her needs and desires. We are here to see that our clients are heard and provided with best answers in difficult times that often arise. We listen carefully to our clients and keep our clients informed.

Once your estate plan is in place, you will have peace of mind knowing that you and your family are protected.

Wills

Power of Attorney

Trusts

Dispute resolution

NEED ADVICE ? WE ARE HERE TO HELP

We will provide you with information so you can make an informed decision.

Contact Us

NEED ADVICE ? WE ARE HERE TO HELP

We will provide you with information so you can make an informed decision.

Contact Us

FAQ For Wills and Estates

What is a Will?

A will is a legal declaration that sets out the person’s wishes about how his or her estate should be distributed or dealt with after death. It takes effect when the person dies.

What is an Estate?

An estate is a combination of assets and liabilities of a deceased person.

When should I begin Estate Planning?

It is never to soon to start thinking about Estate Planning. We can assist in drafting a comprehensive Estate Plan to meet your personalized needs and concerns.

What if I die without a Will?
In the Province of Ontario, if you die without a will, your spouse receives the first $200,000.00 of the deceased’s assets. If there is one child the balance of the deceased’s assets over $200,000.00 will be shared equally between the spouse and the child. If there are two or more children the surviving spouse will get the first $200,000.00 and one-third of the remaining assets and the surviving children will equally share two-thirds of the remaining assets.
What is Probate?
Probate is a court procedure to describe the process of having a Will certified by the Superior Court of Justice as the “Last Will and Testament” of the deceased. Once a Will has been “probated” the person who has been appointed to act on behalf of the deceased would have authority to fulfil the desires of the deceased as set out in the Will. The process is now called an “Application for a Certificate of Appointment of Estate Trustee With a Will”.