wills-estates.com
Allbiss Lawdata Ltd. is not a law firm. Seek legal advice from a lawyer in your own jurisdiction.
  • Home
  • About
  • Contact
  • Wills
    • Why a Will
    • Who
    • Revocation
    • Names
    • RRSP
    • Executor
    • Alternate Executor
    • Charities
    • Residue to Spouse
    • Alternate Residue
    • Minors
    • Powers
    • RRSP Contributions
    • Relationships
    • Family Property Exclusions
    • Custody of Children
    • Governing Law
    • Signatures
  • Powers of Attorney
    • POA Property >
      • Why a POA Property
      • Continuing POA
      • POA Appointment
      • POA Jointly and Severally
      • POA Substitute Attorneys
      • Do Anything Clause in a POA
      • Conditions POA
      • Substitute Decisions Act POA
      • Spouse Encumbers
      • Compensation POA
      • Signing a POA
    • POA Personal Care >
      • Why Personal Care
      • Appointment of Attorney
      • Personal Care Jointly and Severally
      • Personal Care Substitute Attorneys
      • Personal Care Authority
      • Litigation Guardian
      • Personal Care Conditions
      • Personal Care Compensation
      • Personal Care Signing
  • Estates
    • Notarial Copies
    • Death Certificates
    • Property Outside the Will
    • Property Passing Through the Will >
      • Probate
  • Resources
  • Lawyers.ca

wills-estates.com

Wills, Powers of Attorney, and Estates in Ontario

Start Planning Your Will
Video About How to Navigate this Web Site
A Will specifies what happens to your estate when you are dead. It does nothing while you are alive. You can change it any time as long as you are competent.

A Power of Attorney is effective only if you are alive. It serves no purpose when you are deceased.
A Power of Attorney for Property is effective while you are healthy or while you are incompetent if that is the way the Continuing Power of Attorney is drafted. It can be used properly by the donee and unfortunately, if you are not careful, it can be abused.
A Power of Attorney for Personal Care is used for medical consents and personal care decision-making when the Grantor is not able to consent or express his or her decisions for medical reasons.

When a person dies there is a lot of work to be done by the Executor and Trustee. The Executor must wrap things up for the deceased person and follow the property distribution regime laid out in the will. Some assets like life insurance, real estate joint tenancy, and an RRSP will probably go directly to the beneficiary and may have nothing to do with the will. Small assets can be transferred without formal proof in Court of the Will. However, transfer of major assets under the Will will probably require formal proof of the Last Will and Testament. That process is called Probate.


Continue
Powered by Create your own unique website with customizable templates.