The cost of preparing a will is determined by a variety of factors. The price could vary depending on your family circumstances, your financial situation, and your wishes. Please feel free to contact our offices to discuss what your priorities and wishes are for your will and estate administration.
Anyone has the option to prepare their own will. However, to make sure all of your wishes are met, and to make sure your family has the peace of mind that comes with properly handled final affairs and estates, you should consider the services of a lawyer who has specialized in this area. Rather than causing your loved ones more stress at the time of your passing, leave them with happy memories and a well-established legacy.
In the unfortunate event that you become mentally incapacitated, no one would have the authority to look after your interest without a Power of Attorney. In this situation, the court would have to appoint such an individual. This process can be very costly and time-consuming. A Power of Attorney ensures the resources you have earned throughout your life go toward taking care of you. It also allows you to rest easy, knowing that someone with your best interests at heart will be responsible for your care. This is more preferable than being assigned a caretaker by the court, who only sees you as a job. Contact our offices to discuss what considerations should be made when deciding on a Power of Attorney.
A Personal Directive looks after your personal affairs (e.g., your medical care, where you will live, and more) if you become mentally incapacitated. It allows you to name the person or persons you want to look after your personal care. If no such directive is given, the court will have to appoint someone. This can be time-consuming and costly, and doesn’t guarantee your interests will be looked after. At REAL Legacy Law, we will guide you through the process of setting up a personal directive, and help you understand all the considerations you may not be thinking of.
Probate fees are structured according to the province you are in, so, they are different in each province. However, Alberta is not a high probate fee province.
If you die “intestate,” that is, without a will, your assets will be distributed according to fixed rules and without any consideration for your wishes. Letters of Administration may be issued by the court. Administering your estate will be more costly, time-consuming, and stressful for your family. A will ensures the best interests of the family, as determined by you, are ensured.
When planning your estate, you should evaluate what assets and liabilities you have, and who you want to be the beneficiaries of these assets, upon your death. We will sit down with you and discuss all your options to see what is suitable for you and any estate planning issues. Your documents will be prepared and you will receive drafts for your review. After you request any relevant changes to the documents, we will convert them into their final form. We will meet with you to review the final documents and once everyone agrees the documents are in their finalized form, you will sign them.
Our fees may vary depending on the urgency and complexity of your estate plan. Once we’ve reviewed your situation and requirements we can give you an estimate.
Selecting an executor is challenging, but, we’re here to help! You’ll want to choose someone who you know is trustworthy and who is willing and able to competently take on the responsibility.
You should name a guardian for your young children in your Will to ensure they’re safely and properly cared for in the unfortunate event of your passing. We understand the many considerations involved in making that decision. Some things to keep in mind are the individual’s morals and values, and how trustworthy they are. Observe the individual to see how they raise their own children. Do ask the person if they would be willing and able to take on that responsibility before naming them as a guardian.