We chose “SMARTWILLS” to pick up on the SMART Planning process. The process evaluates your goals as to their Specificity, ability to be Measured, if they are Attainable, Realistic and Timely. The Will, Probate and Estate planning process needs to be SMART to ensure you have addressed all the issues that may impact your planning needs.
Estate planning is the act of preparing for the transfer of a person's wealth and assets after his or her death. The Estate Planning process can include the preparation of a Will, and creation of a Probate Plan. This also involves SMART planning.
Wills are legal documents that express your intentions for burial and to whom you wish to pass your money and property (the Estate) when you die. Without a Will the government will make the decisions.
Family trusts are designed to protect your assets and benefit members of your family beyond your lifetime.
A POA, is a legal document that gives one or more persons the authority to make financial, property, and real estate decisions on your behalf.
Probate Planning is a way to minimize Estate costs. There are Probate planning strategies that can help you save the fees associated with Probate.
Helps to ensure that the Executor as well as the Estate avoid problems, save time and money.
If you are Executor, you need to understand your legal duties and get professional advice at the outset to protect yourself. Problems often arise that could easily have been prevented with proper advice. Learn about Executor duties and how Peter can help you.
Not having a Will can leave your family in a bind. Dying without a Will means that your property will be distributed based on government mandated formula and that can mean important people in your life can be left with nothing. 18% of people avoid Wills due to the cost, Peter can show you how this can actually save you money.
Without a solid Estate and Probate plan, your money can be wasted by paying unnecessary taxes, years of delay and legal costs. Invest in professional advice to make sure your hard-earned money goes straight to those you love and care for. Learn what the top planning mistakes are and how Peter can help you avoid them.
For nearly 40 years, Peter R. Welsh has practiced Corporate and Commercial Law both on behalf of some of Canada’s largest financial institutions, real estate developers and publicly listed Corporations as well as in representation of entrepreneurial, owner-managed companies, independent businesses, associations and individuals.
His practice is primarily devoted to Business Law, encompassing business start-up, financial services, real estate, Succession and Estate planning, restructuring and commercial transactions.
Peter’s experience in the business side of law assisting entrepreneurs with their Succession planning is particularly valuable for Estate planning. Even a presumption that one’s Estate is simple is turned on its head if it develops that even minor asset values require Probate before they can be transferred, which, unfortunately is almost always the case.
Peter brings to his clients the wisdom of experience, a personal, hands-on approach and his resources as a skillful negotiator and planner with an attention to detail.
We chose “SMARTWILLS” to pick up on the SMART Planning process. The process evaluates your goals as to their Specificity, ability to be Measured, if they are Attainable, Realistic and Timely. The Will and Estate planning process needs to be SMART to ensure you have addressed all the issues that may impact your planning needs.