Estate Planning

Estate planning is the process of transferring the assets for an individual. The primary goal is to devise a plan to ensure that the estate reduces administrative fees, taxes and other expenses when assets are passed on. Anybody or any organization can be the beneficiary of the estate but naturally the beneficiaries are the children of the person’s estate.

Our estate planning services in Toronto, Ontario, Canada include:

At Bobot & Yurichuk we provide estate planning services in Toronto to guide you and your family through the process. We will devise a plan that suits your needs and ensure that we maximize the value of the estate. Estate planning can be quite complex but our goal is to simplify what would otherwise be a difficult task. Our estate planning services will gather a team of specialists and guide your family through the process to ensure your loved ones are protected and your wealth is transferred in a smooth and orderly fashion. When you work with us we want to achieve the following:

Our estate planning services in Toronto review in detail all of the potential tax consequences to the estate. Upon death, the Canadian tax rules discusses “deemed disposition,” which is essentially an estate tax that assumes all of your investments are sold at death and your estate is liable for the taxes. If you own a significant amount of investments your estate could be liable for those taxes owing, which can be substantial. At Bobot & Yurichuk Chartered Accountants our estate planning specialists will review your unique circumstances and anticipate your potential tax liabilities and devise a plan for the estate to minimize taxes and other expenses.