Estate planning is a crucial process that ensures your assets are distributed according to your wishes after your passing. A will is often the cornerstone of an estate plan, but is it enough on its own? Many Ontarians mistakenly believe that having a will alone guarantees their estate will be handled smoothly—but a comprehensive estate...
Ontario Estate Planning: How Multiple Wills Can Help Reduce Probate Fees
When planning your estate, minimizing probate fees is a major goal. If you own shares in a privately owned corporation, a secondary will may be an effective strategy to reduce or eliminate probate fees on those assets. However, if not drafted properly, multiple wills can create complications. Here’s what you need to know about using...