Corporate Wills
Set up corporate wills if you own a private business and want to save thousands in probate tax.
Schedule Your Free Consultation With A Corporate Wills Lawyer
Every business owner should have two wills: a Simple will for individual assets and a corporate will for business assets. A corporate will ensures your hard-earned money stays with your family rather than being lost to unnecessary taxes.
RELATED SERVICES
- Power of Attorney
- Business Succession Planning
- Trusts
Why Businesses Use A Corporate Will
Unlike personal wills, a corporate will doesn’t need to be submitted to court for probate, keeping your business and financial details private. This means your business assets can transfer smoothly to beneficiaries without becoming part of the public record.
Save Thousands in Probate Tax
In Ontario, you can legally use a secondary corporate will to avoid the 1.5% probate tax on your company’s shares and assets. For example, if your business is worth $1 million, that’s $15,000 saved for your family. The cost of setting up a corporate will is significantly less—often under $800.
Without a corporate will, even a single probatable asset (for example a $50,000 bank account) can drag your entire business into the probate tax calculation.
What Happens if I dont hire a Corporate Wills Lawyer.
Creating multiple wills is not as simple as a do it yourself project. Mistakes in drafting your personal or corporate will can leave you without a valid will altogether so a experienced wills and estates lawyer who specializes in this area acts as a guide for businesses .
Our Process. Here’s How to Connect with a Corpoate Will Lawyer in Toronto:
01
Request A Free Consultation
Once you get started with your free consultation, you can submit a contact form on our dedicated contact page or via any page on our website. After receiving your message, we will reach out to discuss your case further.
02
Call Us
If you'd prefer to talk or text on the phone can always reach us by telephone. Call (647) 395-5291, and you will be redirected to our offices or out-of-hours line, which is manned 24/7 as a alternative way to discuss the case and consultation.
03
Tell Us About Your Businesses Needs
Our 5-minute to 30-minute consultation will include a case review, strategy discussion, and clear pricing details.
04
Corporate Will Closed
We'll be there to review, sign and close every detail of the detaik of the will with ease.
