Canadian Estate Planning


The Altro Levy Estate Planning team possesses a wide range of experience in all aspects of wills, trusts and estates. Our professionals provide individuals, families and business clients with comprehensive advice customized to their specific needs to ensure the smooth transfer of assets to the next generation including reducing or eliminating probate fees and minimizing or deferring tax on capital gains, income splitting through the use of spousal and testamentary trusts as well optimizing wills to enable charitable giving.

 

Areas of expertise include the following:

  • Complex estate planning, including wills, alter ego, joint partner or other trusts
  • Planning for potential incapacity including powers of attorney / incapacity mandates tailored to specific individual and corporate needs
  • Post-mortem tax planning / settling estates
  • Estate planning for families of persons with disabilities and special needs
  • Estate planning for disabled individuals
  • Adult guardianship, including the appointment of a committee (personal or property guardian)
  • Representing and advising charities as beneficiaries of an estate or trust
  • Passing of executor, trustee or committee accounts
  • All aspects of trust and estate administration

If you wish our help in settling an estate, please contact a member of our team for a consultation.

 

Topical Issues:

  • Family-run businesses are seeking orderly succession planning to smoothly transition their businesses to the next generation
  • Recent opportunities have been created to defer income tax and avoid probate fees through joint partner, alter ego, and other trusts
  • Longer life spans are increasing the risk that one may suffer from impaired cognitive abilities, increasing the need for living wills, powers of attorney, nominations of committee and representation agreements
  • Second marriages and common law relationships lead to sometimes-forgotten, yet critical, changes in wills, trusts and other estate or personal planning documents
  • Mentally or physically challenged adults require plans for ongoing care when their primary caregivers can no longer care for them

When to Create or Revise Your Will:

  • Purchase of a home / condo
  • Marriage
  • Divorce
  • Birth of a child
  • Inheritance

Types of Clients:

  • High net-worth families and individuals
  • Owners of family-run businesses
  • Individuals as executors and trustees, and trust companies in that capacity
  • Parents of disabled children