Wills and Power of Attorney
A complete estate plan starts with two essential legal documents: a will and powers of attorney. Together, they outline how your assets will be distributed after your death and who will make decisions on your behalf if you become unable to do so.
A will sets out your wishes for how your estate will be handled, names an executor to carry out those wishes, and can include important provisions such as appointing guardians for minor children. Without a valid will, provincial laws will determine how your assets are distributed — which may not align with your intentions.
Powers of attorney authorize someone you trust to make decisions for you if you are incapacitated. In Canada, there are typically two types:
- Power of Attorney for Property – Allows your appointed person to manage your finances and assets.
- Power of Attorney for Personal Care – Allows your appointed person to make decisions about your health care, housing, and personal needs.
These documents not only protect your wishes but also help reduce stress and uncertainty for your loved ones during difficult times. They should be reviewed regularly and updated after major life events to ensure they remain current.
Resources to assist in the wills and power of attorney include:
Estate Planning Overview
Wills and Power of Attorney
Please contact us if you would like to discuss creating or updating your will and powers of attorney as part of a comprehensive estate plan tailored to your needs and goals.
