|| Wills, Living Wills, Trusts & Estates - Serve Generations Well
A well drafted, up-to-date will is one of the best legacies you can leave your family. Clear instructions ensure that your beneficiaries will receive the gifts and care you intended, and will greatly reduce the potential for litigation.
- Succession planning
- Wills and estate planning
- Trust agreements
- Estate and trust administration
- Estate litigation
Early preparation is key to good succession planning for individuals, family trust and family businesses, to ensure long-term success and intended results.
Wills and Estate Planning
Even before you begin to accumulate significant assets, a will is important for the comfort to your family. The appointment of a guardian and trustee for minor children is paramount. For those with children who do not always agree – the presence of a good third party executor can ease communication difficulties and build support for needed decisions among your beneficiaries.
A Trust Agreement may help with Income Tax issues, ease the process of obtaining the Letters Probate, lower or eliminate probate fees and avoid family disputes. Munro & Crawford provides expert advice on the relative merits of different types of Trusts such as: Inter Vivos Trust, Alter Ego Trust, Testamentary Trust, and Family Trust agreements.
Estate and Trust Administration
Each family is unique. Munro & Crawford can help with planning for persons with disabilities and special needs, guardianship for minors and adults, and support for charities. An executor may need help with the management and administration of a diverse range of estate related matters, starting with the application for a Grant of Letters and the preparation and filing of tax returns, the liquidation of estate assets, proper payout of beneficiaries, all of which creates significant exposure to liability on the part of the executor. Support is also provided for situations when there is no Will, and Letters of Administration are required or the Executor is unable or unwilling to act, and for Foreign Wills when the deceased was domiciled outside of Canada with assets in Canada.
At times disputes are unavoidable. Munro & Crawford provides the objective advice and assistance needed to resolve matters as efficiently as possible, in or out of court.