Wills / Estates

Wills, POAs, and Trusts

Trusted Toronto Estate Planning Lawyers

When we pass, most of our assets will be frozen. Our executor or estate trustee must apply for probate before our beneficiaries can receive their inheritance. This application process is much faster, cheaper, and successful when there is a valid Will, compared to no Will.

Three reasons why everyone who has assets in Canada should have a Will:

  1. Avoid paying bond insurance, costing 5% of entire estate value. When there is NO Will, the likelihood of the Court requiring bond insurance is high. For more details click HERE (link to probate application page)
  2. Protect your beneficiary’s inheritance from being split by their spouse upon a divorce. We will specifically include a clause in the Will to this effect.
  3. Ensure that your assets are distributed according to your wishes, not according to Estate Legislation, which prioritize married spouses and children to the exclusion of all other beneficiaries. As well, ensure that your estates are distributed within a year rather than several years when there is NO valid Will.

What’s Included in Varity Law’s Comprehensive Will Package:

  1. Professional Will Drafting by an experienced legal team who handles the Ontario probate applications routinely (so they know from experience how to draft a correct Will)
  2. Two witnesses who are not named in the Will, thus will not be in any conflict of interest with the person writing the Will.
  3. A lawyer affidavit signed by a licensed lawyer and one of the two witnesses
  4. A detailed asset list with 25 years of free updates, helping your executor and loved ones manage your estate efficiently
  5. Free storage of the original Will for 25 years

Since Varity Law offers a one-stop-shop services with Wills & Estates, our wills clients routinely come back to hire us when it’s time to probate their estate or if they need us to act as executor to administer their estate.

Estate Planning Tailored to Your Needs

Personal or Primary Wills Drafting and Execution

Contrary to popular belief, a Will is not simply a document that you can do correctly using an online template.

Corporate Will, or Secondary Will Drafting and Execution

All assets that are passed down in the Will are subject to a 1.5% estate administration tax, for any value above $50,000.

Power of Attorney (POA) Drafting and Execution

Wills are only in effect when the testator pass. In contrast, Power of Attorneys (POAs) are used when the testator/grantor is alive but is incapable of making rational decisions or managing their affairs.

Trusts Drafting and Maintenance

There are many differences between a Will and a Trust.

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Testimonials

  • "As a first time home buyer I was extremely worried about the whole closing process at first. Sabrina was well organized and very professional, she made the entire process incredibly simple. Even after closing the amount of time and level attention she has provided has been phenomenal. I highly recommend Sabrina and her team for all real estate transactions and will definitely look forward to work with her again."

    Anthony Chen
  • "Sabrina was wonderful to work with! She was extremely knowledgeable, professional and accomondating. She was very responsive and always got back to all my questions and demands in a timely manner. I walked away as a very satisfied client and would definitely refer her to all my friends and family."    

    Lianna Wang
  • "Sabrina at Varity Law is extremely knowledgable and great to work with. She is very personable as well. When she explains legal terms, I actually understand. It also helps because she speaks mandarin. It makes bringing my parents to her a lot easier :)"

    Alice Ma
  • "Sabrina is a fantastic business lawyer. Efficient, Effective and Knowledgeable. Highly recommended for your business and Real Estate needs."

    Marci Lall
  • "Thank you Sabrina for an outstanding job on our first transaction together. Your professionalism and hard work was the reasons we were able to close within 2 weeks!! We are looking forward to partnering with you on many more opportunities in the future."

    Richard Brereton
  • "Sabrina is very patient and thorough. She handled my client's closing very well. I highly recommend Sabrina and her law office for real estate transactions, estates and wills."

    Joanna Ou
  • "Sabrina was very good with her work and had a wealth of knowledge which was very helpful in executing our needs. I would highly recommend her at anytime."

    Crystalline Eyewear
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