Buying or selling a home is stressful. Real estate is an area of law where service matters and the manner in which your lawyer completes your sale or purchase will have a direct impact on your state of mind. We firmly believe that in order to make the closing process problem free and avoid unnecessary surprises, it is essential that a seller and buyer be fully informed shortly after all conditions are removed and the agreement becomes firm. Consequently, once your deal is unconditional, we will meet with you to explain the process and discuss your transaction. This meeting is approximately 25 minutes in length during which we will calculate all of the financial costs of your particular transaction as well as provide you with a detailed list of all of the things you must know and do to prepare yourself for a smooth closing.
Wills and Estate Planning
It is no surprise that many people do not have a Will. The most often quoted reason is that it is too complicated – people simply do not know where to start and how to sort things out. Guess what? It’s not complicated! Simply make an appointment to meet at for approximately 30 minutes and with no advance preparation necessary. If you have an existing Will, it may be time to review it to ensure that it correctly reflects your current situation. For example, your children may be of sufficient age and maturity that they could be designated as alternative executors.
Powers of Attorney
There are two types of Powers of Attorney in Ontario:
➼ Power of Attorney for Personal Care whereby you appoint individuals to make personal care decisions on your behalf in the event you are unable to take care of yourself; and
➼ Continuing Power of Attorney for Property whereby authorized individuals have the legal authority to manage your property and assets.
One cannot over-emphasize the importance of having these documents in place. It is most often the case that these documents are needed in time-sensitive situations. Being properly prepared with valid Powers of Attorney will be a great relief to your loved ones who are usually called upon to act in these difficult situations. A simple call to the office for an appointment will begin this important process.
Wills appoint individuals to act as an Executor or Estate Trustee. The role of the Executor/ Estate is to distribute the assets of the estate in accordance with the Will, pay debts and taxes. It is often the case that such an individual has no experience in such matters and does not know what to do. Our office can assist you in fulfilling your duties and obligations. Each situation is unique and we will tailor our involvement to your knowledge, experience and comfort level in estate and tax matters.
Business and Corporate Law
Many of our clients are also business owners. As a small, local business, it’s important to us support to other local businesses in our community. We’ll establish your business as a legal entity and advise you on the ongoing obligations of your new corporation. We’ll help you clarify your relationships with your partners so that everyone understands their role into the future. We’ll protect you when you’re selling or acquiring an existing company. Whatever your situation, we’ll guide you through the complicated decisions (or stressful conversations) with humour and ease. We can help you build a strong foundation so you can focus on growing your business!