What is probate?

Probate is the legal process of administering an estate after a person has died. It involves proving the validity of the deceased’s will, appointing an executor or administrator, and distributing the deceased’s assets to their beneficiaries. What Happens...

What is a living trust?

A living trust, also known as an inter vivos trust, is a legal arrangement that allows you to transfer ownership of your assets to a trustee, who manages them for your benefit while you are alive and distributes them to your beneficiaries after your death. Living...

What is a power of attorney?

A power of attorney is a legal document that gives someone else the authority to make decisions on your behalf if you become incapacitated. There are two types of powers of attorney: a general power of attorney and a specific power of attorney. General power of...

What is a will?

A will is a legal document that sets out your instructions for how your assets should be distributed after your death. It is important to note that if you die without a will, your assets will be distributed according to the intestacy laws of your province. This may...

What are the different types of estate planning documents?

There are a number of different estate planning documents that you may need, depending on your individual circumstances. Some of the most common documents include: Will: A will is a legal document that sets out your instructions for how your assets should be...

Why is estate planning important?

Estate planning is the process of making arrangements for the management and distribution of your assets after your death. It is a comprehensive approach that takes into account your financial, legal, and personal needs. Estate planning is important because it can...