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Secure Your Legacy - Avoiding Common Estate Planning Mistakes

Have you ever wondered what happens to your belongings and finances after you're gone? Estate planning ensures your wishes are met and avoids confusion for your loved ones during a difficult time.

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Secure Your Legacy - Avoiding Common Estate Planning Mistakes

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  1. Probate and Estate Law Firm in Toronto and Pickering Secure Your Legacy: Avoiding Common Estate Planning Mistakes. 416-380-7550

  2. Introduction • Have you ever wondered what happens to your belongings and finances after you're gone? Estate planning ensures your wishes are met and avoids confusion for your loved ones during a difficult time. • Today, we'll explore the most common mistakes people make in estate planning, so you can create a clear and effective plan for your future.

  3. Avoiding Estate Planning Mistakes for a Smooth Transition • Mistake #1: Procrastination Procrastination is the biggest mistake people make when it comes to estate planning. Many people put off creating an estate plan because they think they have plenty of time. However, life is unpredictable, and it is important to have an estate plan in place in case the unexpected occurs.

  4. Avoiding Estate Planning Mistakes for a Smooth Transition • Mistake #2: DIY Estate Planning Trying to create your own estate plan is a recipe for disaster. Estate planning laws are complex, and it is easy to make mistakes that could have serious consequences. An experienced estate planning attorney can help you create a plan that meets your specific needs

  5. Avoiding Estate Planning Mistakes for a Smooth Transition • Mistake #3: Failing to Update Your Estate Plan Your estate plan is not a one-time event. Your life circumstances will change over time, and your estate plan should be updated to reflect these changes. For example, if you get married, divorced, or have children, you will need to update your estate plan.

  6. Avoiding Estate Planning Mistakes for a Smooth Transition • Mistake #4: Not Discussing Your Wishes with Your Family It is important to discuss your estate planning wishes with your family. This will help to avoid confusion and conflict after you are gone. Let your family know who you have named as your executor and beneficiaries. You should also discuss your end-of-life wishes with your family.

  7. How Cohen LLP Helps in Estate Planing • Personalized Plans: Tailored to your unique needs and goals • Experienced Legal Advice: Expertise in local laws and regulations • Comprehensive Reviews: Regular updates and reviews of your plan • Complex Estates: Handling intricate and high-value estates If you’re looking for lawyers for your estates and probate planning, contact Cohen LLP, Barristers & Solicitors in Toronto and Pickering

  8. References • Wills - https://cohenlaw.ca/wills/ • Power of Attorney- https://cohenlaw.ca/power-of-attorney/ • Estates and Probate - https://cohenlaw.ca/probate/ • Trusts - https://cohenlaw.ca/trusts/

  9. About Us • Your needs are our top priority at Cohen LLP.  • We are a client-focused boutique law practice that provides you with approachable & competent legal services by combining a personal touch with large firm knowledge. • To learn more about Cohen LLP. Visit our website: https://cohenlaw.ca/

  10. Contact Us Toronto Office Pickering Office Cohen LLP 41 Wynford Drive Toronto, ON M3C 1K1 Stroud Cohen Law 1154 Kingston Rd., Unit 2 Pickering ON L1V 1B4 416-380-7550 905-837-1353 416-380-7555 905-837-237 https://cohenlaw.ca/

  11. Thank you!

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