Settle Your Estate The Right Way - Get Help From An Estate Lawyer

By Author: JillPell
Total Articles: 14
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If you own scores of assets, which you acquired through a lot of hard work, then you must ensure that their ownership are properly transferred to the members of your family, or to people you care the most. This can only be achieved with the help of an estate lawyer who could properly advise you on the distribution of your assets in case you finally cross the great divide. Your estate lawyer would also make sure that your distribution plan is valid and duly recognized by existing laws.

Your estate lawyer can help in establishing a last will or testamentary provisions, if you have a living trust, in order to protect your loved ones who will be left behind. Putting all these procedures in place would ensure that your assets would be distributed to the people whom you care the most and not as the courts may dispense of it in case there is no will.

These estate lawyers can also help in the interpretation of your desires pertaining to the distribution of your assets. This is particularly invaluable in times when some heirs may question the manner and sharing ratio of the distribution. This lessens the potentiality of ...
... a protracted court battle between the heirs. Such legal proceedings can bleed the estate dry and in the end, the heirs would all be losers.

Retaining the services of an estate lawyer in Ottawa can also help establish a guardianship trust if you left any children who have not yet reached a legal age. Such provisions are usually included in the last will and testament, where you could further attach some conditions pertaining to the care of the minors.

Aside from the last will and testament, an estate lawyer in Ottawa can also help you in establishing a power of attorney and a healthcare proxy, in cases where you believe you are already becoming incapacitated. This way, you can have a capable person manage your financial affairs and at the same time, decide on medical matters, should your incapacitation is such that you are no longer capable of deciding on your own. This would include authorizing that person to decide whether to take you off the life support system or not.

Planning ahead will ensure everything that you cared about in your lifetime will be passed on to the persons you intended to bequeath it to. Having an estate lawyer in Ottawa by your side as you prepare the necessary documents would greatly help in realizing this purpose.