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Toronto, Ontario Law Blog

Estate Planning Objectives

Many people realize at some point or another they may need to make to will. And they may think all they need to do is leave their property and assets to their children or a trusted friend or family member.

The truth is that estate planning is slightly more complicated than that. The actual drafting of testamentary documents is generally straightforward, but the actual creation of the plan is what can become a tedious process for the average person.

How Do I Make A Will?

It’s possible to draft a will on your own. However, it’s important to realize that a will is a binding, legal document. If done incorrectly, errors and omissions could be administered as they are written, even if its not according to how you wanted your assets distributed.

Many people know they need to create a will, but only worry about the finer details when they decide to sit down and start. Then, the average person realizes he or she have more than just a few questions about how the process works.

Personal Bankruptcy – How Does It Work?

Do you sometimes feel that you are so indebted that declaring personal bankruptcy might be the only solution? You’re not alone. Nearly a third of Canadians think rising interest rates are pushing them towards personal bankruptcy. A December 2017 Ipsos survey revealed:

  • One-third of Canadians cannot pay their monthly bills and keep up with their debt repayments
  • 48 per cent of Canadians say they are within $200 of not being able to meet their monthly financial obligations

Get Legal Advice Tailored To Your Specific Legal Matter.Contact Clark Farb Fiksel LLP For a Consultation Now.

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