Secure Your Future: The Critical Importance of Wills & Powers of Attorney in Ontario
In Ontario, planning ahead is the most caring decision you can make for your loved ones. Without proper documents, the province's laws decide for you, which can lead to stress, delay, and unintended outcomes.
Why It Matters:
· You Decide: A Will lets you decide who inherits your assets and who cares for minor children. Without one, the law distributes your estate, which may not reflect your wishes.
· You Appoint: In your Will, you name an Executor—the person you trust to manage and distribute your estate according to your instructions. For incapacity, a Power of Attorney for Property and a Power of Attorney for Personal Care allow you to appoint trusted Attorneys to manage your finances and health decisions if you cannot.
Key Considerations:
· Who is trustworthy and capable? Choosing the right Executor and Attorney is crucial.
· Complexity of your affairs? Business ownership, blended families, or foreign assets require careful planning.
· Clarity prevents conflict. Clear instructions are a gift to your family, providing guidance during a difficult time.
Don't leave these vital decisions to chance. Protect your wishes, your assets, and your family's future.
Orlando Santos has been assisting clients for over 40 years in protecting their estate, will drafting, incapacity planning, and guidance on estate issues in Portugal.