Whether you are young or old, wealthy or just starting, the future is uncertain for everyone, and one can never know how things will end up for their loved ones after their death. Often people find themselves wondering, "Who will get custody of my children?" or "How can I make sure my loved ones aren't saddled with debts after my death?" One of the ways to ensure that your near and dear ones get their due after you aren’t around to take care of them is by creating a will. A formal will enables you to distribute your wealth wisely, take care of your children and the succession of your business, and have control over who manages your estate and how.
At Lynn Valley Law, our will lawyers in North Vancouver have the experience and ability to ensure that your desires are correctly and explicitly stated with clarity and accuracy, whether you want to establish a will or modify an existing will. We can prepare all manner of wills, from simple to complex, for larger estates and small so that your wishes as to who should receive your assets upon death can be best realized and reliably carried out. Additionally, we can evaluate your current will to ensure that it is still valid and that nothing has been overlooked. You can trust us to go above and beyond to identify any legal issues that may arise out of the points mentioned in the will. In case we come across any such situations, we will work towards minimizing the potential litigious issues and eliminating any chances of family feuds or conflicts.
But wills are only one method to pass your assets on to your chosen beneficiaries upon your death. Joint ownership, or direct beneficiary designations, or trusts, or deeds of gift are other methods of passing on your assets.
They also avoid the chief pitfalls of passing your assets through a will, such as 1) wills variation applications by a disgruntled spouse or a child who has received a smaller share than his siblings; 2) provincial probate fees and taxes; and 3) the delay caused by the process of obtaining a probate order from the court. However, there are risks in some cases, such as joint ownership and informal trust agreements, and we can advise on those as well.
We can also advise on family law issues that could impact your estate planning, such as possible claims on your assets by spouses in the case of divorce or separation or claims by spouses of one or more of your beneficiaries on their eventual inheritances. For any questions, feel free to contact our team, and we will be right with you. You can also get in touch with us to get help with real estate law and more.
Legal Advice Regarding Wills
At Lynn Valley Law, we understand that creating a will is integral to estate planning. Our team of lawyers will conduct an estate planning interview before we proceed with creating a will. We will discuss your family, companies, finances, beneficiary designations, insurance, and more to help you create a will in North Vancouver. Our team of lawyers has many years of experience in this line. You can rely on us to offer reliable advice where needed.
Our trusted lawyers will help you create a will that will eliminate disputes such as the distribution of property or wealth in the event of your death. A will ensures that the assets in your estate will be distributed as per your wishes. Our team offers advice regarding wills in North Vancouver. We work hard and strive to provide every client with reliable and trusted services. You can rest assured that your property will be distributed as you intended. Get in touch with us now for more information. We will be happy to help.