De Krupe Law
Simple Will
Simple Will Toronto
In today’s fast-paced world, simplicity is a virtue that many people appreciate. De Krupe Law specialists make sure you are not disturbed by complicated legal processes or procedures in the hard times when your loved ones passed away. In Toronto, more and more people are opting for a Simple Will, which is a cost-effective and straightforward option that ensures their wishes are carried out after their death. De Krupe Law Will Lawyers have extensive experience in drafting simple Wills (or primary Wills), secondary Wills, and complex Wills strategies. We secure your rights and assets, guaranteeing a stress-free process.
Simple Will in Toronto Definition
A Simple Will is a type of Last Will and Testament that is used to distribute assets after someone dies. What makes it simple is that it only covers basic asset distribution, such as property, money, and personal belongings. There are no complex instructions or stipulations, which makes it a quick and easy process.
However, it may not save all your estate from taxes. That’s why complex Will strategy is a common thing in Toronto. Consult a Will lawyer at De Krupe Law and know whether you need one.
Benefits of a Simple Will
One of the main benefits of a Simple Will is that it is cost-effective. Because it is a straightforward process, there are fewer legal fees involved than with more complex Wills. Additionally, a Simple Will can be completed relatively quickly, reducing stress and allowing you to move on with your life. Correctly created Simple Will in Toronto provides you and your loved ones that after your death your assets Will be distributed correctly, efficiently, and honestly.
GET YOUR FREE CONSULTATION TODAY
When is a Simple Will appropriate?
A Simple Will is most appropriate for those who have a low net worth, few assets, no dependents, and no previous marriages. If you have a more complex estate or have multiple beneficiaries, a Complex Will or Trust may be more beneficial to you.
What happens when someone passes away without a Will?
When someone passes away without a Will, it is called dying “intestate”. In this case, the distribution of their assets Will be determined by the intestacy laws of the province or territory where they lived. Here are some potential outcomes:
- The estate Will go through probate court;
- The court Will appoint an executor to distribute the assets;
- Assets Will be distributed to immediate family members (spouse, children, parents, siblings);
- Assets Will be divided equally among beneficiaries, with the exact distribution.
It’s important to note that dying intestate can lead to potential disputes between family members, which in turn become expensive and time-consuming legal battles. Protect your family from stress in the future, and draft a Simple Will with De Krupe Law experts.
How to Create a Simple Will
Creating a Simple Will is a relatively easy process that can be completed in a few simple steps:
- Contact De Krupe Law to get the list of required documents;
- Gather all the necessary information about your assets, including their value and location;
- Choose an executor, who Will be responsible for distributing your assets according to your wishes after your death;
- Determine how you want your assets to be distributed, including who your beneficiaries Will be.
- Finally, create a document that reflects your wishes and get it notarized.
De Krupe Law Will lawyers make it simple for you to create a simple Will in Toronto. We Will help you gather the necessary documents, fill most of the forms for you, and carefully review them to make sure that your Will meets law regulations and protects your property.
How to Create a Simple Will
At De Krupe Law, we understand the importance of having a legally binding and up-to-date Will. Here are some of the benefits of hiring our team of experts:
- Make your Simple Will legally binding and in accordance with all legal requirements;
- Help to create a Will that accurately reflects your wishes and values;
- Provide guidance and advice on complex estate planning matters;
- We can assist in avoiding disputes between family members.
Overall, working with a Will lawyer while creating a Simple Will in Toronto can give you peace of mind that your assets Will be distributed according to your wishes after you pass away.
How We Can Help
At De Krupe Law, we have multiple conveniently located offices throughout Toronto and the Greater Toronto Area. Our team of experts is available to answer your questions and provide legal advice by phone, online, and in person. Contact us today to learn how we can help you create a legally binding Simple Will in Toronto that accurately reflects your wishes.