The Purpose of Estate Planning

Estate Planning is an important tool in preserving one's wealth and transferring the estate to one's family. Estate planning involves more than just bequeathing assets to one's family; it is a whole dynamic process that involves tax planning, financial planning, business planning and medical planning. Although a Will is an important part of the planning process, various issues need to be considered while preserving your wealth both during your lifetime as well as after your death.

Priyaa provides her clients with a variety solutions to address their unique estate planning and wealth management needs. From helping clients protect their property from high probate taxes to minimizing income tax obligations, Priyaa offers her clients an array of estate planning tools, including:

  • Drafting of Wills
  • Preparation of Powers of Attorney for Property and Personal Care
  • Trusts
  • Estate Freeze
  • Business Succession
  • Charitable donations

While estate planning allows you to preserve and manage your wealth during your lifetime, the administration of an estate is the actual transfer and distribution of that wealth to your family upon your death. The administration of an estate on death can be lengthy and very challenging. Priyaa offers advice on the administration and the distribution of an estate upon death, and can assist in many ways including:

  • Examining and Interpreting the Will
  • Identifying and distributing to beneficiaries
  • Probate applications
  • Dealing with the CRA about income tax issues and clearance certificates

Get You Free Consultation Now!

Contact Priyaa Prasad to discuss your estate planning and wealth management needs in confidence. Call 647-560-2424 or fill out the online contact form.