Heydary Hamilton estate lawyers can help your family through the often challenging discussions surrounding estate planning. While it can be hard to initiate such conversations, they are of vital importance.
Our lawyers handle all legal issues related to estate planning, including power of attorney, succession planning for owners of private corporations, questions on enforcement of wills and trusts, beneficiaries’ rights, and the role of executors and trustees.
A will enables you to ensure your family is provided for in future. For parents of young children, a will ensures that guardianship with someone you trust is established. A will allows you to select an executor—someone you trust—to see to the disposition of your wealth and property. With proper legal advice, a will can also offer tax savings.
Without a will, you cannot be assured that your property and assets will be distributed as you wish. The absence of a will can also lead to litigation and disputes that last for years.
Power of attorney is another sensitive issue that families must consider. With power of attorney, you authorize one or more individuals to make financial decisions for you, in the event that you become incapable of making such decisions yourself.
Our lawyers will take the time to discuss all of these important matters with you and ensure that you are fully comfortable and satisfied with your estate plan.
With the right tax planning strategy, you can take advantage of tax shelters and deferrals to reduce income and capital gains taxes.
One strategy that you may want to consider is an inter vivos (living) trust. Trusts enable business owners to distribute the wealth from their company to family members, while maintaining control over the corporation. Trusts may also offer tax benefits, all of which can be outlined by your estate lawyer.
In addition to tax benefits, trusts may also enable you to protect assets from creditors and maintain the confidentiality of your business affairs, since there are few reporting regulations attached to private trusts.
Our estate lawyers will examine your situation closely and determine the best course of action for you and your family. For individuals who own corporations, we can also advise on succession planning to make sure you have attended to the future needs of your company.
With backgrounds in tax law, real estate and family law, our estate lawyers have the experience and knowledge to help you realize all possible tax benefits that proper estate planning offers, while keeping your legacy intact for the next generation. Call our head office in Toronto at 416-972-9001 to learn more.
66 Wellington St W
Suite 4500 P.O. Box 150
Toronto, ON
M5K 1H1
Canada
Tel: (416) 972-9001
Fax: (416) 972-9940
Email: info@heydary.com
Toll Free: 1 (866) HEYDARY
The closest TTC subway station is Union Station. We are located on the corner of Wellington St W and Bay St within the Toronto-Dominion Towers
Underground parking is avilable on Wellington St W
