WILLS & TRUSTS
Your Will determines how your property must be dealt with after you pass away. It is important that your Will contains clear instructions for the trusted individual whom you appoint as your estate trustee (or executor).
For some, the objective is to provide for a dependent in the longer term. One way of doing so is to establish a Trust within your Will, to preserve your legacy or to regulate a beneficiary’s access to your money or property.
For others, the objective is tax avoidance. For instance, Ontario’s Estate Administration Tax (formerly, probate) may be avoided entirely, if upon death your property is transferred to beneficiaries outside of your Will.
Mr. Burger would be pleased to consult with you regarding your Will preparation regardless of your objective. Estate planning is important and every situation merits its own particular attention.