Greater Toronto Area's Trusted
Law Firm For Wills
Greater Toronto Area's Trusted Civil Litigation Law Firm
Sway Law is a reputable legal firm based in the Greater Toronto Area providing comprehensive legal services to individuals in need of will drafting, estate planning, and probate administration.
WILL DRAFTIG & OTHER SERVICES
TESTAMENTARY CAPICITY
The mental and legal capacity required for an individual to create a valid will involves determining if the person creating the will (the testator) has the mental capacity to understand the nature and consequences of their decisions.
INTESTACY
Intestacy refers to the situation where a person passes away without a valid will. In such cases, provincial or territorial laws dictate the distribution of the estate based on the rules of intestacy, which typically prioritize spouses, children, and other family members.
BENEFICIARIES
Beneficiaries are the individuals or entities named in the will who are entitled to receive assets or property from the estate. This category involves specifying beneficiaries, determining their entitlements, and addressing contingencies in case a beneficiary predeceases the testator.
EXECUTORS
AND TRUSTEES
Executors are responsible for administering the estate according to the terms of the will. Trustees manage assets or funds for the benefit of beneficiaries, particularly in cases involving trusts established within the will.
GUARDIANSHIP
OF MINOR CHILDREN
This category pertains to the appointment of a guardian to care for minor children in case both parents pass away. It involves naming a guardian and outlining their responsibilities and powers.
SPECIAL BEQUESTS
AND LEGACIES
Specific bequests refer to gifts of specific assets or property to named individuals or organizations. Legacies may involve monetary gifts or other specific items left to beneficiaries.
RESIDUE AND RESIDUARY
BENEFICIARIES
The residue of an estate includes assets not specifically bequeathed or allocated to beneficiaries. Residuary beneficiaries are those who are entitled to receive the residue of the estate after all debts, expenses, and specific bequests have been satisfied.
REVOCATION AND AMENDMENT
This category addresses the revocation or amendment of an existing will. It involves understanding the legal requirements and processes for revoking or making
changes to a will, such as through codicils or creating a new will.
HOLOGRAPH
WILLS
Holograph wills are wills that are entirely handwritten and signed by the testator. This category relates to the legal requirements and considerations specific to holograph wills.
