Wills & Power of Attorney

• To ensure your assets are distributed as you desire
• To minimize potential disputes on distribution
• To ensure the financial security of your loved ones after your death
• To minimize legal complications, reduce the stress and expense for your loved ones
• Minimize the tax burden of your loved ones/beneficiaries

• Creating a will
• Designating beneficiaries
• Planning for inability/incapacity
• Addressing tax implications
• Considering charitable gifts

"Your Will is your wish". It is recommended to document your wishes while you are in good health. By making a will, you portray how your estate will be distributed to your loved ones on your death. It is entirely your decision to whom and how much you want to give, or how much you want to donate to a charitable cause.

It is possible to give your entire property, such as a parcel of land, houses, a running business, cash, gold, diamonds, a car, money in your bank accounts, or in your investment accounts, life insurance, retirement accounts, via only one document called "Will". You can give such property to one or multiple loved ones. You can also designate charitable organizations to receive bequests in your Will, if you want. When making a will, you are free and autonomous in making your choices. You choose, and we document your choices to ensure all legal requirements are met.

In KLF, we will also advise you on the mandatory Family Law Provisions and how they may affect your Will, helping you make informed decisions about the division of your property.

Power of Attorney (POA) for Property is a written legal document authorizing a second person to manage your financial affairs on your behalf. The POA authorizes a person of your choice (such as spouse/common law spouse, daughter/son, sibling, parent or a close friend) to make decisions regarding your financial arrangements, including the sale or purchase of real estate on your behalf, in the event you are temporarily or permanently unable to make decisions. Such situations may arise when you are seriously ill, in a coma, or in a mentally or physically compromised situation. You can create a General POA or a more specific POA depending on your personal needs and circumstances.

A Power of Attorney for Personal Care is another type of written legal document regarding your health, medical treatment, and personal care. This POA authorizes a person of your choice (such as spouse/common law spouse, daughter/son, sibling, parent or a close friend) to make decisions on your behalf regarding your healthcare, medical treatment or personal care while you are seriously ill, or in a coma, or in a mentally or physically compromised state.

The person to whom you give the power to make such decisions on your behalf, either for property or health care, is called the "Attorney", while the document is called "Power of Attorney".