Estate Planning Checklist
for Toronto Residents
Your comprehensive guide to estate planning in Ontario, from essential documents to advanced strategies, all in one place.
Book My 15-Minute Assessment →Your comprehensive guide to estate planning in Ontario, from essential documents to advanced strategies, all in one place.
Book My 15-Minute Assessment →A complete estate plan is more than just a will. Use this checklist to ensure every aspect of your legacy is protected.
A complete estate plan in Ontario includes a Last Will and Testament, a Power of Attorney for Property, and a Power of Attorney for Personal Care. Depending on your circumstances, you may also need testamentary trust provisions, a Henson trust for a beneficiary with a disability, multiple wills to minimize probate fees, or an inter vivos trust. Our Will + 2 POAs package ($995) covers the three essential documents.
Tell us briefly what is going on. A lawyer reviews every enquiry and replies within 24 hours on business days.
A lawyer replies within 24 hours on business days. Urgent? Call +1 416 333 6200, answered 24/7. Submitting this form does not create a solicitor-client relationship.
Every comprehensive estate plan in Ontario begins with three essential documents: a Last Will and Testament, a Power of Attorney for Property, and a Power of Attorney for Personal Care. Your will, governed by the Succession Law Reform Act (SLRA), directs how your assets are distributed after death and appoints an estate trustee to carry out your wishes. Your Power of Attorney for Property, under the Substitute Decisions Act, 1992 (SDA), authorizes a trusted person to manage your financial affairs if you become incapable. Your Power of Attorney for Personal Care, also under the SDA, appoints someone to make health care and personal care decisions on your behalf, guided by your documented wishes and the Health Care Consent Act, 1996.
At Lexaltico LLP, we make it straightforward to put these essential documents in place. Our Simple Will starts at $500, our Will + 2 POAs package is $995, and our Couples Package starts at $1,495. Each package is prepared by Ontario-licensed lawyers at our office at 55 University Avenue, Toronto, and most documents are completed within 5-7 business days. We take the time to understand your family situation, assets, and wishes to ensure your documents are tailored to your needs, not just templates filled with your name.
Here is your estate planning checklist for the essential documents: (1) Do you have a valid, up-to-date will that reflects your current wishes? (2) Have you appointed an estate trustee and alternate? (3) Do you have a Power of Attorney for Property? (4) Have you designated an attorney for property and alternate? (5) Do you have a Power of Attorney for Personal Care? (6) Have you documented your health care wishes, including end-of-life preferences? (7) Are your documents properly signed and witnessed in accordance with Ontario law? If you answered "no" to any of these, Book My 15-Minute Assessment today.
A thorough estate plan requires a complete understanding of your assets and how they will be distributed. Your checklist should include: (1) A comprehensive inventory of all real property, including your principal residence and any investment properties. (2) All financial accounts, including bank accounts, investment accounts, RRSPs, RRIFs, TFSAs, and pension entitlements. (3) Life insurance policies. (4) Business interests, including shares in private corporations, partnership interests, and sole proprietorships. (5) Personal property of significant value, including vehicles, jewelry, art, and collectibles. (6) Digital assets, including cryptocurrency, online accounts, and digital intellectual property.
Equally important is reviewing your beneficiary designations. Assets such as RRSPs, TFSAs, RRIFs, and life insurance policies pass directly to the named beneficiary and are not governed by your will. Under the SLRA (Part III), a beneficiary designation on a plan or policy takes precedence over a conflicting provision in your will. This means that if you name your ex-spouse as beneficiary on your RRSP but leave everything in your will to your current spouse, the RRSP goes to your ex-spouse. We review all beneficiary designations to ensure they are consistent with your overall estate plan and reflect your current intentions.
Your asset review checklist should also consider: (7) Are any assets held in joint tenancy, and do you understand the survivorship implications? (8) Are your beneficiary designations on registered accounts and insurance policies up to date? (9) Have you considered the Estate Administration Tax Act implications, and are there strategies to minimize probate fees? (10) Do you own property outside Ontario or Canada that requires additional planning? (11) Have you accounted for any debts, mortgages, or contingent liabilities? Our lawyers conduct a thorough asset review as part of every estate planning engagement to ensure nothing is overlooked.
Once your essential documents and asset review are complete, consider these advanced planning strategies: (12) Testamentary trusts for minor children, to control the timing and conditions of asset distribution as they mature. (13) Henson trusts for beneficiaries with disabilities who receive ODSP or other needs-based benefits, preserving their government entitlements while providing supplemental support. (14) Multiple wills (primary and secondary) to minimize estate administration tax on shares in private corporations and other assets that do not require probate for transfer. (15) Estate freezes and corporate reorganizations for business owners planning succession under the Trustee Act and federal tax law.
Additional advanced checklist items include: (16) Have you considered the tax consequences of deemed disposition on death, including capital gains on real property and investments? (17) Do you have adequate life insurance to cover tax liabilities and provide for dependants? (18) Have you addressed digital estate planning, including cryptocurrency, social media, and online accounts? (19) If you own a business, do your will and shareholder/partnership agreements work together consistently? (20) Have you considered a donation strategy to maximize charitable tax credits on your terminal return? (21) Do you need cross-border estate planning for assets or beneficiaries in other jurisdictions?
Finally, remember that estate planning is not a one-time event. Your plan should be reviewed whenever there is a significant life change: marriage, separation or divorce, birth of a child, death of a beneficiary or estate trustee, acquisition or sale of significant assets, a move to another province or country, or a change in the law. At Lexaltico LLP, we make it easy to get your estate plan in place and keep it current. Get Started Today with a consultation at our office at 55 University Avenue, Toronto. Our fixed-fee pricing, with a Simple Will from $500, Will + 2 POAs from $995, and Couples Package from $1,495, means no surprises and no hourly billing anxiety.
Use our Ontario Probate Fee Calculator for an instant estimate based on Ontario law. Takes under a minute, and you can have a detailed breakdown emailed to you.
Our lawyers offer a 15-minute initial assessment for most matters. Call, email, or book online. Do not sign anything before speaking with us.
55 University Ave, Suite 1100
Toronto, ON M5J 2H7
2 Sheppard Ave East, Suite 303, Toronto, ON M2N 5Y7
Monday to Friday: 9:00 AM to 5:00 PM
Evenings & weekends by appointment
Related Wills & Estate Planning Pages & Guides
No obligation, no cost for the first conversation. We will tell you honestly whether we can help.
A lawyer replies within 24 hours on business days. Urgent? Call +1 416 333 6200, answered 24/7. Submitting this form does not create a solicitor-client relationship.
Contacting us does not create a solicitor-client relationship. Please do not send confidential information until we have confirmed we can act for you. We aim to reply within one business day. Sending this form does not meet any court deadline or limitation period.
If you or a child are in immediate danger, call 911. This form is not an emergency service and is read during business hours. Assaulted Women’s Helpline 1-866-863-0511, Talk4Healing 1-855-554-4325, both open around the clock.
Lexaltico LLP
How Lexaltico LLP handles personal information, under PIPEDA and Ontario law.
When you use a form on this site, email us or telephone us, we collect what you choose to send: your name, email address, telephone number and a description of the situation. Nothing on this site requires you to give more than that.
We collect non identifying technical information when you browse: IP address, browser type, pages viewed and time spent. It is used to understand how the site is used and to improve it. It is not used to identify you.
We do not collect sensitive personal information through this website. Detailed personal and legal information is collected only after a solicitor client relationship exists, through the channels set up for that purpose.
What you send is used to reply to you, to run a conflict check, to assess whether the firm can assist, and, if a retainer follows, to carry out the work.
We do not use your personal information for marketing without your express consent, and we do not sell, rent or trade it. If you consent to receive anything from us, every message carries a way to stop, as required by Canada’s Anti Spam Legislation.
Information given to us in the course of a legal matter is protected by solicitor client privilege. We do not disclose privileged information without your consent, except where the law or a court order requires it.
Non privileged contact information may be shared with the providers who help us run the firm and this website, and with people engaged on your matter such as translators, agents and court reporters. All of them are under confidentiality obligations.
Information submitted through a form travels through third party services in order to reach us by email, and may be processed or stored outside Canada, where it can be subject to the laws of that place. Submitting a form is your consent to that transfer. If you would rather not, telephone us instead.
This site uses cookies to understand how it is used. Advertising cookies are set only if you press Accept. If you press Decline, measurement is switched off for you entirely, nothing further is sent, and anything already stored on your device is cleared. The site works either way.
You can change your answer at any time by clearing this site’s cookies in your browser, which brings the question back.
Under the Personal Information Protection and Electronic Documents Act, S.C. 2000, c. 5 you may ask what personal information we hold about you, ask us to correct anything inaccurate, and withdraw consent to our use of it, subject to legal and contractual limits. We reply within thirty days or explain why we need longer.
Client files are kept for the period the law and the Law Society require, ordinarily seven years after a matter closes, which reflects limitation periods and the possibility of later proceedings. After that they are securely destroyed or anonymised. You may ask for earlier deletion, subject to those obligations.
If you contact us and no retainer follows, what you sent is retained only as long as our conflict records require, then destroyed.
Privacy Officer, Lexaltico LLP
55 University Avenue, Suite 1100, Toronto, Ontario M5J 2H7
privacy@lexaltico.com
+1 416 333 6200
If you are not satisfied with our answer you may complain to the Office of the Privacy Commissioner of Canada.
Short, and written to be read rather than scrolled past.
This site publishes several hundred pages about Ontario law. They are written carefully, they cite statutes and cases by name, and they are reviewed. None of that makes them advice about your matter. Law is applied to facts, and we do not know yours.
The difference is practical rather than technical. A page explaining that spousal support is usually indefinite after a twenty year marriage is accurate as a general statement and may be wrong about you, because of a domestic contract you signed, a period of separation you have forgotten, or an income that is not what a tax return says it is.
Law also changes. Pages carry a review date where one is relevant. A page reviewed last year may not reflect an amendment made since, and a page about a subject currently before an appellate court may be overtaken between your reading it and your acting on it.
A conflict check must be completed. We act for a great many people and businesses, and we cannot act against a current client or use what we learned from a former one. That check happens before anything else and occasionally means we have to decline.
We must confirm in writing that we are prepared to act. Not every matter is one we can take, and saying so early is better than taking a file we cannot properly serve.
A retainer agreement must be signed. It sets out what we are doing, what we are not doing, who is responsible for what, and how fees work. Until it is signed no relationship exists, whatever has been discussed.
Information sent through a form, or by email, before a retainer is signed is not covered by solicitor client privilege. That is not a policy we chose. It follows from there being no solicitor client relationship for the privilege to attach to.
It can also create a problem for you. If you send us detailed information about a dispute and we are later approached by the other side, what you sent may affect whether we can act for either of you.
So tell us the shape of the problem and leave out the detail: the area of law, roughly when it arose, and whether anything is urgent. That is enough for us to say whether we can help. The documents come after the retainer.
Case results described anywhere on this site are real and are described accurately, and they are specific to their own facts. A settlement at three times the original offer happened because of that employer, that contract and that person’s history. It says nothing about what your matter is worth.
Client reviews are the views of the people who wrote them. We do not offer anything in return for a review, we do not write them, and we do not ask only the clients we expect to be positive.
Calculators on this site produce estimates from the figures you enter. They apply published formulas and they cannot know about the facts that most often change the answer.
The content of this site belongs to Lexaltico LLP or its licensors. You are welcome to read it, print it and quote it with attribution. You may not republish it as your own.
We link to statutes, regulations, court decisions and government pages because a reader should be able to check us. We do not control those sites and are not responsible for them, and a link is not an endorsement.
To the fullest extent the law permits, Lexaltico LLP is not liable for any loss arising from your use of, or reliance on, anything published on this website.
These terms are governed by the law of Ontario and the federal law of Canada that applies in Ontario. Lawyers and licensed professionals at the firm are regulated by the Law Society of Ontario, and marketing on this site is intended to comply with the Rules of Professional Conduct.
Every limit on what this website tells you, and every thing it does not do, in one place rather than in small print at the bottom of each page.
Four limits, and they matter in this order.
Everything published on this website is general information. It is not legal advice, it does not take account of the facts of any particular situation, and reading it does not create a solicitor client relationship. Do not act, or decide not to act, on anything here without speaking to a lawyer licensed in your jurisdiction about your own circumstances.
These pages describe the law of Ontario, and of Alberta only where a page says so expressly. They do not describe the law of any other province, territory or country. Law that looks similar across jurisdictions frequently is not.
Each page states the law as at the review date shown on it. Legislation is amended and case law develops. A page accurate when written may no longer be.
These pages describe how a rule usually works. That is not the same as how it applies to your facts. The exceptions are where most real matters live, and a page written for a general reader cannot tell you whether you are inside a rule or inside its exception.
If you or a child are in immediate danger, call 911.
This website is not an emergency service. Enquiries sent through a form here are read during business hours and a reply may take up to one business day.
Open at all hours:
Assaulted Women’s Helpline 1-866-863-0511
Talk4Healing 1-855-554-4325
Kids Help Phone 1-800-668-6868
Using this website, submitting a form, sending an email or speaking to us on the telephone does not make us your lawyers. That relationship arises only when the firm has confirmed in writing that it has agreed to act, a conflict search has been completed, and a retainer has been signed.
Do not send confidential or sensitive information through this website or by email until we have confirmed in writing that we can act for you. Information sent before that point is not treated as confidential and may prevent us from acting for you, or for someone else, in a connected matter.
We aim to reply within one business day. Contacting us does not guarantee a reply within any particular period, does not oblige the firm to act, and does not stop, extend or satisfy any limitation period, filing date or court deadline.
Our line is answered 24 hours a day, every day of the year. Outside office hours calls are taken by our intake service, who record your details and pass them to the firm. A lawyer responds during the next business day, or sooner if the matter is urgent. Answering the telephone is not the same as giving legal advice, and no relationship arises from that call.
Lexaltico LLP is regulated by the Law Society of Ontario under the Law Society Act, R.S.O. 1990, c. L.8. All lawyers practising in Ontario through the firm are members in good standing.
Alberta matters are handled by lawyers licensed with, and in good standing with, the Law Society of Alberta. A lawyer licensed in Ontario is not thereby licensed in Alberta, and the reverse is also true.
Immigration consulting is provided by Regulated Canadian Immigration Consultants in good standing with the College of Immigration and Citizenship Consultants under the College of Immigration and Citizenship Consultants Act, S.C. 2019, c. 29, s. 292.
Not everyone at the firm is a lawyer.
Each page and biography states which applies. Ask at the outset who will handle your matter and under which licence.
We serve clients in thirteen languages. Every page of this website is written and published in English. Where anything is provided in another language, the English version governs in the event of a difference. If you need an interpreter, tell us when you book and we will arrange one.
The complimentary 15 minute initial assessment is a brief introductory conversation. It does not include a review of your documents and does not constitute legal advice.
The firm charges a fee for substantive consultations, including in civil litigation, criminal defence and immigration matters. The firm may waive that fee at its discretion. Any fee is disclosed in advance and credited in full toward your account if you retain the firm.
Where we refer a matter to another firm, including through LexKonnect, we comply with Rule 3.6-6.1 of the Law Society of Ontario’s Rules of Professional Conduct. Any referral fee is set out in the Law Society’s standard referral agreement, signed by you before the referral proceeds, and no fee is payable to us unless and until the receiving firm has been paid for its work. You are never obliged to accept a referral and are free to retain any firm you choose. No referral arrangement affects the independent professional judgment of any lawyer at this firm.
They produce estimates from what you type and cannot know the rest. They do not account for the terms of your contract, statutory exceptions, or the discretion a court will apply. Do not make a decision on a number produced by a calculator.
Any outcome described happened on its own facts, before its own decision maker, under the law as it stood at the time. Past results do not predict or guarantee the result of any other case.
Reviews shown here are written by third parties and published on platforms we do not control. Each describes one person’s experience of one matter. They are not a promise, a prediction or a guarantee about any other matter.
This site links to regulators, courts, government sources, professional associations and social platforms, all operated by others. We do not control them, we are not responsible for their content or accuracy, and a link is not an endorsement.
Failure to start a proceeding within the applicable limitation period may permanently bar your claim. In Ontario the general period is two years from discovery under the Limitations Act, 2002, S.O. 2002, c. 24, Sched. B. Shorter periods apply to many claims. Seek advice promptly. Nothing on this website extends a limitation period.
We aim to meet the Accessibility for Ontarians with Disabilities Act and WCAG 2.1 Level AA. If any part of this site prevents you from reaching us, telephone +1 416 333 6200 or write to hello@lexaltico.com and we will provide the information in another format, at no charge.
Content on this website is © Lexaltico LLP. It may be read and printed for personal reference. It may not be reproduced, republished or used commercially without written permission.