Nishanthan Law Office can assist you with estate planning and thereby draft your Will and Power(s) of Attorney. Estate planning considers how one would like to allocate their assets to their beneficiaries while evaluating the ways in which their wealth can be maximized by tax deductions or tax deferral, or by reducing probate fees and estate administration tax. The Will is the key component in estate planning. The lawyer can assist you by bringing awareness to the legal implications of your estate plan.   A Continuing Power of Attorney can allow you to assert some control in your life, even if you are not mentally or physically able to make the necessary decisions in the future, by granting someone else power to act on your behalf. A Power of Attorney for Property allows you to assign someone to manage the financial aspects while a Power of Attorney for Personal Care grants your attorney to make decisions about your health care, nutrition, housing, medical treatment, etc., when you are not in a position to make the decision yourself. In order to draft your Will and Powers of Attorney, you will be required to provide your solicitor the following:  

• 2 pieces of Canadian Issued IDs for yourself, your attorneys, executors, beneficiaries, and guardians, if applicable
• Deeds of any property you own
• Details of any life insurance, RRSPs or RIFs, annuities, pension plans, etc. that you may have in place
• Information about dependents and professional service providers

We understand that these steps can be daunting, so please do not hesitate to contact us with any questions or inquiries as we are more than happy to assist you.