We Sell No Products Whatsoever
At Objective Financial, our sole purpose is providing unbiased financial, tax and estate planning advice
Estate Planning | Wills | Powers of Attorney
We can provide financial and tax planning advice to maximize your estate value. The process should go beyond simply writing a will. There are strategies and techniques that can be employed during your lifetime including gifting, trusts, beneficiary designations, joint ownership, and others.
We can also assist with updating your estate plan, specifically, developing new wills and powers of attorney. Our paralegal estate professional can develop a will outline with you to draft wills and powers of attorney with a lawyer.
Agent for Executor Services | Estate Settlement | Grant of Probate | Estate Information Return
When someone dies, their assets and liabilities make up what is known as their estate. Estate administration involves the collection of their assets, the payment of their debts, and the distribution of their assets after they die. The process is overseen by an executor, often a family member (who may be assisted by an agent), who is responsible for settling the estate of the deceased.
Estate administration involves several financial, tax, legal, and government requirements. We can assist by acting as an agent for the executor to provide a full spectrum of duties related to the estate settlement process, or by simply guiding the executor as needed on a limited scope retainer or hourly as-needed basis. Essentially, we can assist an executor with some or all their duties.
Some of these duties include:
- Interpreting the will
- Summarizing the estate assets and liabilities
- Obtaining values for real estate, businesses, or other assets
- Notifying or cancelling applicable government services (pension or survivor benefits, driver’s license, health card, etc.)
- Advertising for creditors
- Notifying financial institutions
- Completing insurance claims
- Compiling and maintaining records
- Regular communication with beneficiaries
- Applying for probate
- Filing the Estate Information Return with the Ministry of Finance
- Obtaining a Certificate of Appointment of Estate Trustee
- Transferring assets into the name of the estate
- Arranging for the sale of assets
- Closing accounts
- Paying debts, taxes, and other expenses
- Filing required and optional tax returns and forms
- Applying for tax clearance certificates
- Distributing assets to the beneficiaries
- Preparing a statement of estate account
- Obtaining releases
- Other needs as required
The probate and estate administration process can be complex and time-consuming. We can assist with some or all related requirements to ensure the process is carried out correctly.
Estate administration by a trust company or lawyer generally costs 5% of the estate value. Our standard estate administration fees are significantly less. We will provide a written quote for flat-fee or hourly options based on a thorough understanding of the estate.
Who would be helping me?
Maria Tanel is a caring and experienced estate professional, P1 paralegal licensed by the Law Society of Ontario, notary public, and commissioner of oaths. She has over 25 years of experience working with executors to manage their estate administration matters. She has been an active volunteer, acting as a group facilitator for over 10 years with Catholic Community Services of York Region.
The purpose of this meeting is to understand your specific needs to determine if and how we can help. We then provide a quote for our services to be detailed in a written engagement letter that acts as our contract to you. Please note we cannot provide advice to you during this introductory meeting.
We work with many self-directed DIY investors. That said, we cannot provide investment recommendations for the purchase or sale of specific securities, nor can other fee-only/advice-only financial planners in Canada who are not licensed to manage your investments.
Please note our minimum consultation fee is $1,500 plus applicable sales tax. If you provide some information below and request it from us, we can provide a rough estimate on pricing prior to an introductory meeting.
Objective Financial Partners Inc.
675 Cochrane Drive
East Tower, 6th Floor
Toll Free. 1.855.691.8471
Copyright © 2018 |Objective Financial Partners Inc. | All rights reserved.
We don't sell investments, so we're not going to tell you which stocks to buy and sell. However, we can build you a comprehensive and truly objective financial plan.