Estate Planning
At YYC Process Serving, we offer the following services to assist with your Estate Planning:
Wills
Personal Directives
Power of Attorney
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Estate Planning Services for Individuals
- Wills $175 - Power of Attorney $150 - Personal Directive $150 - Will, Power of Attorney, Personal Directive $275 |
Estate Planning Services for Couples
- Wills $250 - Power of Attorney $200 - Personal Directive $200 - Will, Power of Attorney, Personal Directive $425 |
Wills
A Will/Last Will and Testament is a legal document that is created to provide instruction on the disposal and distribution of personal property that is owned by you at the time of your death. In this document there are details that outline your wishes for the distribution of your assets and it also names your Executor (personal representative responsible for carrying out the wishes outlined in the will.) This document will also identify the guardian of any minors in your care at the time of your death. Your Executor will be put in charge of the following responsibilities: finding all assets, paying all debts, seeing to funeral arrangements and final costs, and is responsible for the distribution of the assets to the beneficiaries named in your will. Your Executor will also submit your final income tax filing when tax time comes.
The will is completed in writing, including your signature and that of two witnesses, while done so in your presence. The witnesses that you choose should also not be beneficiaries or spouses/partners of the beneficiaries named in the will. In the event that your state is complex, it is recommended that a lawyer also be consulted for review to avoid any legal issues regarding your wishes. It is important that your will does not contain any issues or conflicts for your named beneficiaries.
The contents of a will may also need to be reviewed at differing points as personal situations change. It may be necessary to amend your will should you get married, have children, or take on any significant life changes in order to avoid any future conflicts at the time of your death.
We are equipped with the necessary resources at YYC Process Serving for you to prepare and make any changes to your Last Will and Testament. Completing this document and keeping it up to date will ultimately relieve the stress on your loved ones at your passing, which we can help you do and ensure that all matters are addressed correctly.
The will is completed in writing, including your signature and that of two witnesses, while done so in your presence. The witnesses that you choose should also not be beneficiaries or spouses/partners of the beneficiaries named in the will. In the event that your state is complex, it is recommended that a lawyer also be consulted for review to avoid any legal issues regarding your wishes. It is important that your will does not contain any issues or conflicts for your named beneficiaries.
The contents of a will may also need to be reviewed at differing points as personal situations change. It may be necessary to amend your will should you get married, have children, or take on any significant life changes in order to avoid any future conflicts at the time of your death.
We are equipped with the necessary resources at YYC Process Serving for you to prepare and make any changes to your Last Will and Testament. Completing this document and keeping it up to date will ultimately relieve the stress on your loved ones at your passing, which we can help you do and ensure that all matters are addressed correctly.
Personal Directive
Another type of legal document is a personal directive, which allows you to identify a person or persons who will be able to make necessary decisions on your behalf in the event that you are unable to due to mental capacity. This person will be named the Agent. In this document you can also list specific areas that the personal directive covers, including details on where you will live, day to day activities, and healthcare. Due to the fact that we do not know if or when our mental capacities may be affected, a personal directive will ensure that your wishes are carried by a person you trust and is of your own choosing. This document will ultimately relieve stress in unforeseen circumstances, be them temporary or long-term.
Personal directives include the wishes and instructions beyond that of a living will, which normally only address issues relating to your end of life. This document can include these instructions as well, but in essence a personal directive includes your intentions for both death and life all kept to a single legal document.
An individual that is 18 years of age and understands what it is can create a personal directive. It must be in writing, dated correctly, and signed by yourself (if you are unable to sign, another person may sign on your behalf in the presence of the witness,) and signed by a witness in your presence. It is important that the witness be a different person than the Agent named in the document, or their spouse. It also cannot be your own spouse or partner.
It is considered good practice to give a copy of your personal directive to your Agent, physician, and any other support person or organization that may require it, should you need it applied. However, this process is not required by law.
We at YYC Process Serving would gladly assist with the creation of a personal directive for yourself and your loved ones.
Personal directives include the wishes and instructions beyond that of a living will, which normally only address issues relating to your end of life. This document can include these instructions as well, but in essence a personal directive includes your intentions for both death and life all kept to a single legal document.
An individual that is 18 years of age and understands what it is can create a personal directive. It must be in writing, dated correctly, and signed by yourself (if you are unable to sign, another person may sign on your behalf in the presence of the witness,) and signed by a witness in your presence. It is important that the witness be a different person than the Agent named in the document, or their spouse. It also cannot be your own spouse or partner.
It is considered good practice to give a copy of your personal directive to your Agent, physician, and any other support person or organization that may require it, should you need it applied. However, this process is not required by law.
We at YYC Process Serving would gladly assist with the creation of a personal directive for yourself and your loved ones.
Power of Attorney
A power of attorney is a legal document that is used to give another person/persons the ability to act on your behalf in regards to your finances and other assets. This person does not have to be a lawyer, as much as the person will be named as an attorney in this document.
In older age, we may want to enact a power of attorney document so that someone may be appointed to handle our affairs should we need it. This can be a source of relief if you become hospitalized and unable to care for your finances and other affairs as needed. This arrangement can be on temporary terms or enacted for a permanent time.
The two major types of power of attorneys in Canada are an ordinary power of attorney and an enduring power of attorney. Both types of this document are signed and enacted during the time when the donor (yourself) is mentally capable of naming the individual and appointing them. The difference between the two arises when the mental capabilities of the donor become incompetent. Only enduring power of attorney remains valid during this time. Both types of this document become invalid at the time of your death.
You can execute a general or specific power of attorney. A general attorney will encompass all areas, while a specific one may cover only a specifically named area in the document (ex. a power of attorney over the selling of real estate, etc.)
Unfortunately, there may come a time in our lives where we are not capable of making decisions about our finances and assets. However, having a power of attorney in place will take the stress off yourself and others in order to allow the matters to be handled in an efficient way that removes unwanted stress.
However, it is fundamental that you understand that a power of attorney does not keep that appointment at the time of your death. Therefore, a will becomes necessary and important in order to identify the executor of the estate at the time and carry out the next steps regarding your estate.
If you have any questions regarding a power of attorney, please reach out to YYC Process Serving. We are here to assist you.
In older age, we may want to enact a power of attorney document so that someone may be appointed to handle our affairs should we need it. This can be a source of relief if you become hospitalized and unable to care for your finances and other affairs as needed. This arrangement can be on temporary terms or enacted for a permanent time.
The two major types of power of attorneys in Canada are an ordinary power of attorney and an enduring power of attorney. Both types of this document are signed and enacted during the time when the donor (yourself) is mentally capable of naming the individual and appointing them. The difference between the two arises when the mental capabilities of the donor become incompetent. Only enduring power of attorney remains valid during this time. Both types of this document become invalid at the time of your death.
You can execute a general or specific power of attorney. A general attorney will encompass all areas, while a specific one may cover only a specifically named area in the document (ex. a power of attorney over the selling of real estate, etc.)
Unfortunately, there may come a time in our lives where we are not capable of making decisions about our finances and assets. However, having a power of attorney in place will take the stress off yourself and others in order to allow the matters to be handled in an efficient way that removes unwanted stress.
However, it is fundamental that you understand that a power of attorney does not keep that appointment at the time of your death. Therefore, a will becomes necessary and important in order to identify the executor of the estate at the time and carry out the next steps regarding your estate.
If you have any questions regarding a power of attorney, please reach out to YYC Process Serving. We are here to assist you.
1001 1st Street Southwest
Calgary, Alberta, T2G 5G3 Phone 1 403 455 0744 Facsimile 1 403 455 0743 servenow@yycps.ca |
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