Whether you are looking to update your current will, complete a new will entirely, or create a Power of Attorney, I can help.
What are some types of estate planning documents can you have?
Generally, individuals have a will and possibly two types of powers of attorney (POA): a Power of Attorney for Personal Care, and a Power of Attorney for Personal Property.
What is the difference?
A will aims to protect your wishes upon your death, ensuring beneficiaries and trusts are put in place at your instruction. This is helpful for providing for dependents, family, and even charities if you wish to bequeath gifts to such organizations. However, a will does not protect your wishes when you become incapacitated. This is where the POAs come in.
A POA for Personal Care is sometimes referred to as a medical POA. Usually, your wishes regarding health concerns will be written in this document. Examples include: quality for life while living with a degenerative disease and even what extraordinary measures may be used on you in the event of an untimely accident. These instructions are best outlined and given to your trustees well in advance to avoid confusion if the document becomes necessary.
The other kind of POA is for Personal Property. This becomes necessary in a similar situation, when a person is no longer of sound mind, but is still alive. In this document, such instructions as control over finances and even valuable property are often found.
Sometimes, an individual may even find need to create multiple wills for different contingencies. Regardless of your situation, let me help ensure a smooth transition for you and your loved ones.
My Fees*
- Single Will starting at $300 + HST
- Single Will + 2 POAs starting at $500 + HST
*These rates may change without notice and are dependent on the requirements of each will.
Have any questions?
If you have any questions or would like to book an initial consultation, feel free to contact me.