Posted by pmmpa on July 23, 2014 · Leave a Comment
Without a Will, your property will be divided according to government laws, which may not be in accordance with your wishes. Your children may also end up with someone less than ideal. And since you don’t have a say on who gets your property, you won’t be able to make specific gifts of cash, personal property, real estate, etc. to particular individuals or organizations either. Your loved ones may get involved in court battles concerning the validity of your Will (if you have an invalid / out-of-date Will) or what happens to your property and kids when you pass away.
If you have a Will but did not enter into it properly, it may be challenged. For example, if you don’t have sufficient mental capacity at the time of making a Will, then it is invalid. Your Will – or part of it – is also invalid if you included something (e.g. a gift to someone) as a result of fraud or pressure or mistake. If you write your Will and then get married, your Will is automatically revoked. That is, unless your Will is made in contemplation of your marriage to that specific person. If you sign your Will without two (2) witnesses, then your Will is invalid. And if your witnesses are also beneficiaries (i.e. persons you give gifts to in the Will) or the spouses of beneficiaries, then gifts to them will be void. Any change made to your Will after it has executed (i.e. signed and witnessed) is invalid unless it is executed in the same manner as the Will. If you lose your Will, then when you die you will be presumed to have revoked it! Finally, if you give a gift of real or personal property to someone in your Will but don’t own that property at the time of your death, then that person generally won’t receive anything! Now how many Will Kits are out there that adequately educate you along the way and afterwards to help you ensure that you don’t invalidate your Will? You guessed it: not many!
You can help prevent court battles by using our Will-O-Matiz Wizard. We educate you along the way (throughout the questionnaire and in the comprehensive eBook that comes with your Will) so that you understand how Wills can be challenged and therefore doing everything within your power to prevent that. A little education goes a long way!
If someone dies without a Will in Ontario, their property will be divided according to the rules set out in the Succession Law Reform Act. There is a standard procedure which divides property according to family relationships. Here are some of those rules:
With respect to your minor children, a person can name someone in their Will to be the “Custodian” for their minor children and “Guardian” of their property: see section 61 of the Children’s Law Reform Act, R.S.O. 1990, c C.12. You can also give the Estate Trustee powers to pay him or her. A parent is not automatically the Guardian of his or her child‘s property. It is important to note that, whoever is named in your Will as the Custodian and Guardian can only act as such for 90 days from the date of the Testator / Testatrix‘s death: section 61(7) of the Children’s Law Reform Act. During that period, they should apply to the Court for an order formally appointing them as the Custody and Guardian of the Testator / Testatrix‘s minor or disabled children. Also worth mentioning is that, if your and your spouse‘s appointed Custodian and Guardian are different people, then the Will of the last person to die (i.e. you or your spouse) governs.
To create your own Will or Dual Wills (and don’t forget about creating your Powers of Attorney too!), just click on the image below:
YOU want a Will software:
And that’s exactly what the Will-O-Matic Wizard aims to deliver.
Filed under Blog · Tagged with david mayzel, dental, dental wills, dentist, dentist legal forms, lawyer, michael carabash, michael carabash review, protect yourself
Posted by pmmpa on July 23, 2014 · Leave a Comment
If you have all of your information, you can go finish your Will in under 30 minutes. And all from the comfort from your home or office. No need to download anything onto your computer (other than a .pdf viewer, like Adobe Reader, which is free). Here is the type of information you should gather prior to starting:
Now, when you’re done your Will, you should also fill out the Asset Information and Liability Checklist that we provide for FREE. This will help your Estate Trustee know and have access to your assets, particularly online and digital assets.
How long would it take you to visit a lawyer’s office, have them ask you numerous questions (perhaps in the form of a cumbersome and simplistic checklist), have them draft it for you, have them explain everything to you, and then come in and sign in front of witnesses? I’ve done this a number of times for clients myself, and I believe it would take no less than 5 hours to do everything properly. So how can our software allow you to do it yourself in just 30 minutes? It asks all the questions a lawyer would. It is very flexible and comprehensive. And it uses logic to put together your customized legal Will. And here’s the best part: you can do it from your home or office and you don’t have to do it all in one shot!
To create your own Will or Dual Wills (and don’t forget about creating your Powers of Attorney too!), just click on the image below:
YOU want a Will software:
And that’s exactly what the Will-O-Matic Wizard aims to deliver.
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Posted by pmmpa on July 23, 2014 · Leave a Comment
Having a lawyer charge you $500 per hour to draft a Letter of Intent, Dual Wills, or Powers of Attorney can be very costly. You deserve cost-certainty. And with our proprietary software, you can know the cost of everything and save money!
To create your own Will or Dual Wills (and don’t forget about creating your Powers of Attorney too!), just click on the image below:
YOU want a Will software:
And that’s exactly what the Will-O-Matic Wizard aims to deliver.
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Posted by pmmpa on July 23, 2014 · Leave a Comment
Here’s a recent testimonial from a dentist who engaged DMC LLP and used the Will-O-Matic Wizard to create their Primary / Corporate and Secondary / Non-Corporate Wills:
“I used the Will-O-Matic Wizard to create my Primary and Secondary Wills. I needed two Wills because I have a professional corporation and apparently, my estate will pay less tax by having two Wills. The process was pretty straightforward, once you get used to the software. It’s very comprehensive. There’s a lot of information to guide you through it. After I finished, I contacted DMC LLP to review and finalize my Wills. They were very responsive and answered my questions. I’m glad to have finally completed this. My accountant has been telling me for years that I needed to get this done. So it’s a big relief now! Thanks!”
Dr. M., DDS
Filed under What Dentist Say About Us: · Tagged with corporate and non corporate wills, dentists, dual wills, will o matic, wills splash
Posted by pmmpa on July 14, 2014 · Leave a Comment
If you’re a dentist looking to get your legal affairs in order from the comfort of your home or office and save some $$$ in the process, then you’re in the right place. At the moment, we’re offering the Will-O-Matic Wizard (to create a Will or Corporate / Non-Corporate Wills for Dentists), the Power of Attorney Wizard (for Powers of Attorney for Property / Finance and Personal Care / Livings Wills), and the Letter of Intent Wizard.
Wills for Dentists
(You Do It / DMC LLP Reviews It)
Every dentist needs to have a Will in place. If you’re a dentist with shares in a corporation (e.g. a dentistry professional corporation), then you will need two (2) Wills to save on estate administration taxes: a Corporate Will (also called a “Primary Will“) and a Non-Corporate Will (also called a “Secondary Will“). The best part is: included in the price is lawyer-review by DMC LLP! They will look at your Will in your presence and ask you questions to ensure that you understand what you’ve prepared. They will also act as your witnesses and provide you with commissioned affidavits. Note: they won’t independently verify the ownership of your assets or property. But, for a nominal annual fee of $50 per Will, they will safekeep your Will (and this entitles you to make edits for FREE). Click HERE to create your Will NOW!
Powers of Attorney for Dentists
(You Do It / DMC LLP Reviews It)
Every dentist needs two (2) types of Powers of Attorney: one dealing with their property / finances and one dealing with their personal care. You can also include the terms of a “Living Will” (i.e. the kind of medical treatment you wish to receive when you can no longer communicate) in your Power of Attorney for Personal Care. These documents give decision-making authority to another person when you are unable to make those decisions for yourself – due to being mentally incapable or (with respect to a Power of Attorney for Property / Finances) being unavailable to sign documents, for example, if you’re out of the country. The best part is: included in the price is lawyer-review by DMC LLP! Note: they won’t independently verify the ownership of your assets or property. But, for a nominal annual fee of $25 per Power of Attorney, they will safekeep your Power of Attorney (and this entitles you to make edits for FREE). Click HERE to create your Powers of Attorney NOW!
Letter of Intent Wizard
(You Do It / DMC LLP Reviews It)
If you’re a dentist and you’re looking to buy / sell a dental practice, you NEED to be using a Letter of Intent to set out the key terms upon which the parties will proceed. Don’t rely on anyone else to prepare a Letter of Intent for you. And the best part is: included in the price is lawyer-review by DMC LLP! We’ll review your Letter of Intent to make sure it includes what you need to protect your rights and promote your interests. If you don’t have a properly drafted and comprehensive Letter of Intent, you could be taken advantage of! For example, forgetting to mention what happens to the HST, staff, accounts receivable, lease, etc. could lead to disastrous results down the road. Make sure you’re well protected NOW. Click HERE to create your Letter of Intent NOW!
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Michael Carabash is a dental lawyer and the Founder of this website. He is an entrepreneur at heart who helps you see the big legal picture. He drafts clear and effective agreements that protect your rights while promoting your interests. He also presents regularly to Ontario dentists on legal and practice management topics. He can be reached at 647.680.9530 or michael@dentistlawyers.ca.
David and Michael created this website to let dentists make their own professional and comprehensive legal forms in a convenient and cost-effective manner. The best part is that all legal forms come with FREE lawyer review from their law firm DMC LLP
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If you are a dentist and need help to buy / sell a dental practice, lease space, incorporate, deal with employment matters (including associate agreements), and get your Wills and estates in order, contact DMC LLP today.