Family Lawyers Advising on Estate Planning

Proactive estate planning, including preparing a will and a power of attorney is critical step in effectively managing and distributing your wealth and in ensuring that your spouse, children, and other loved ones are taken care of if something were to happen to you.

Estate planning can be daunting and challenging, not least of all because it requires making delicate and difficult decisions and facing issues you may not want to face (such as your mortality). It requires guidance and advice from a lawyer with significant experience advising clients on such matters.

At Gelman & Associates, we have been aiding clients in protecting their wealth, minimizing their financial risk, and providing for their families for many years. We help clients tackle their immediate and long-term objectives and ensure their money goes where they want it to go. With our guidance you can guarantee your legacy remains intact.

What is Estate Planning?

At it’s most basic, estate planning is a means of eliminating potential uncertainties and proactively addressing challenging decisions that family members and other loved ones will have to make if you become ill, incapacitated, or die.

Estate planning allows you to anticipate potential issues and address them, and to arrange for the management and eventual disposal of your estate (i.e. your home, other real estate, possessions, assets, and finances) upon your death while also minimizing taxes.

Important Issues to Consider

Important issues, questions, and concerns that often arise during the estate planning process include:

  • How do I guarantee that my children will be taken care of?
  • What are the potential implications of a separation or divorce on my assets?
  • How do I protect my children’s inheritance if they separate from or divorce their partner or spouse?
  • Should I leave my estate to my beneficiaries outright or through a trust?
  • How do I most effectively deal with a cottage or vacation home?
  • How do I best protect any of my assets (including property) outside of Canada?
  • How can I protect my business?
  • Should I leave my estate to a charity or other philanthropic cause?
  • How do I minimize probate fees?

At Gelman & Associates, our highly experienced family lawyers provide clients with clear and pragmatic answers to these and other questions. We draw on our many years of both family and estate law experience to provide thorough, multi-disciplinary legal advice that covers all potential outcomes.

Contact Our Estate Planning Lawyers at one of Our Six Offices throughout North York, Downtown Toronto, Mississauga, Scarborough, Aurora and Barrie

Contact Gelman & Associates today to learn how our lawyers can help you to plan for the future. With six offices conveniently located throughout North York, downtown Toronto, Mississauga, Scarborough, Aurora and Barrie, we are easily accessible by transit and off-highway. Call us at (416) 736-0200 or 1-844-736-0200 or contact us online for a confidential initial consultation.

From the Blog

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17

Court Orders Spouse to Pay Advance of Fees to Fund Litigation

In a recent decision, an Ontario court considered one spouse’s plea for an order of interim costs and disbursements to cover the expenses of carrying on the parties’ litigation. The Parties’ Story The parties began cohabiting in October 2008, married in June 2011 and separated in 2017. The parties had signed a marriage contract the …


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Tips For Vacation Planning For Divorced Or Separated Parents

Planning summer activities and vacations for school-aged children can be an extremely time-consuming exercise. For parents who have divorced or separated, there can be added complexities in trying to accommodate vacations with pre-existing custody arrangements and the need to accommodate multiple households in planning. With that in mind, we’d like to offer our readers some …


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03

Court Terminates Husband’s Obligation to Pay Spousal Support

In a recent decision, an Ontario court considered the interesting question of when it may be appropriate to terminate a spouse’s obligation to pay spousal support. The Parties’ Story The parties were married in June 1967 and divorced in September 1995. They had two children, who were now independent adults. In May 1998, the husband, …


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