ADVANCED ESTATE PLANNING IN QUEBEC
Many, if not most, Canadians are unaware that taxes are imposed upon their death. This reality can cause additional undue stress and hardship for the deceased's family. We strongly suggest being precautionary when it comes to your estate, as the death of a family member is difficult enough for a family to bear. Our team of experienced lawyers can help put into place tax and legal strategies to reduce or eliminate certain taxes as well as take preventive measures regarding your estate.
To effectively plan one's estate, an analysis of the person in question's financial and fiscal obligations is required, as well as the individual's family situation. Factors such as age and disabilities of any existing children and family members must also be considered and examined when determining the most beneficial strategies to implement.
Estate planning requires careful consideration of a multitude of factors. There is a myriad of strategies that can be implemented, notably the use of testamentary trusts, exclusive spousal trusts, family trusts and even Henson trusts for disabled beneficiaries; thus, it is important to weigh the benefits and risks of each before implementing it. There is no one-size-fits all approach to estate planning. Our team of dedicated lawyers can help ensure the most beneficial and advantageous strategies are implemented when estate planning. Below are some of the documents that are commonly drafted when estate planning:
EXCLUSIVE SPOUSAL TRUSTS
MANDATES FOR PROTECTION
POWERS OF ATTORNEY
ADVANCED MEDICAL DIRECTIVES
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