Corporate Will

Do you own a private business? 

Want to SAVE thousands in probate tax?

A secondary corporate will is the solution.

Every business owner needs multiple wills - a personal will and corporate will

If you're a business owner or professional, a corporate will is your chance to make sure your family gets to keep thousands of your hard-earned dollars instead of it going to the government.

Are you interested in paying the government more money? Or are you taxed out?

You get 2 Wills

In Ontario you can have more than one will - a "personal" will and a corporate will. Another way to look at it as a primary "probate" will and a secondary "non-probate" corporate will.

Multiple wills is a completely valid and legal planning mechanism endorsed by the Ontario courts.

Secondary wills for the business owner is one of the simplest, cheapest and most effective strategies to save tax for the business owner or incorporated professional.

Keep it private

Most third parties (banks, land titles office, etc.) insist on an Ontario court "probate" certificate to transfer assets and protect themselves from liability.

For the privilege of waiting up to 7 months to get that certificate and your Will becoming a public document, your estate pays ~1.5% "probate" tax on the value of your assets. 

But as a private owner of a closely-held company, there is no third party to insist on probate. So if you have those assets in a secondary corporate will, it never gets submitted to court for probate and remains a private business will, not a public document.

Multiple wills is a great strategy to save tax and protect your privacy.

Corporate Wills Save Probate Tax

If your company assets or shares are held in a separate business will that never gets submitted to court, your estate doesn't have to pay the ~1.5% Ontario probate tax which will instead go to your beneficiaries. 

For a $1million company, that's $15,000 that goes to your family not the government. And the extra costs are less than $800.

If you don't have a separate corporate Will, and you have even one asset that requires probate (e.g. bank account) the value of ALL your assets, including your company, get pulled into that probate tax calculation.

So if your only assets on your death were a bank account with $50,000 and a $1million private corporation and you only had ONE will you can say goodbye to $15,000 in probate tax. 

What happens to a corporation when the owner dies?

Nothing! A corporation is a distinct legal entity which means it continues to exist after the owner's death. The shares change hands - first to the estate vis the executor and then to the ultimate beneficiaries (or back to the company if there is a unanimous shareholder agreement that requires it).

Do not try this alone

Multiple wills with a corporate will is not a DIY strategy or one for general practitioners. You need to know what you're doing or you'll screw up both the primary and secondary wills. 

I'm an experienced lawyer and practice exclusively in the area of wills and estates. I know one area and I know it exceptionally well.

Get a Corporate Will in a way that is convenient for YOU

When we meet virtually via video conference, whether you are calling me from from home, work or abroad, I make your important choices easy.

Meeting with your lawyer should not be the hardest part of protecting your family's future.


Flexible scheduling

Book an appointment that is convenient for you, including evenings (up to 7:30pm start times). No need to take time off work or hire babysitters to visit a wills and estates lawyer.

Virtual estate planning now available.

Virtual planning

Plan & sign from the comfort of your own home. These are important decisions for your family’s future — they should be held where you feel most comfortable. You're also welcome to sign at my home office in Toronto's Beaches neighbourhood (availability limited). House calls available on an as-needed basis.

Clear pricing

Pricing is all-in — there are no nickel-and-dime charges, no ticking clocks and no deposits.

And you can easily pay by credit card or EMT.

Responsive service

I live by the Golden Rule - treat others how you want to be treated. I return every email and phone call, usually right away, but absolutely no later than next business day. Clients constantly remark about how quickly I respond!

Corporate will expertise

I'm an experienced wills and estates lawyer. Wills and estates are all I do. I don't dabble. I have a PhD and Masters in Law in addition to my law degree. 

Plain English

My wills are easy to read, use plain language (where possible), headings, and clean typography. I always try and simplify, but will never sacrifice comprehensiveness.

Corporate Will Pricing


All packages include:

  • Primary Personal Will & Secondary Corporate Will tailored to your needs, written in plain English
  • Powers of Attorney for Property and Personal Care
  • Comprehensive video planning meeting
  • Unlimited phone calls & emails
  • Review and signing of final documents

**HST is extra and all prices are based on virtual or east-end Toronto house calls (Beaches, Leslieville, Riverdale, etc.). Please ask for pricing outside of this area.

Business Protector

$1695 per couple**

$1395 individual**

  • Dual personal and corporate will
  • Decide who gets what - leave gifts to relatives, friends or charities
  • Appoint a guardian for your kids
  • Set ages when kids receive any inheritance (e.g. 25, 30 or stages) and how funds can be used before then
  • Appoint the person who will carry out your wishes (executor)
  • Protect insurance and RRSP proceeds from probate tax
  • Appoint people to make financial and health care decisions for you if you become incapable (Power of Attorney)
  • Ensure sentimental personal effects are kept in the family

Optional Add-ons

from  $300 each**

  • Give a gift to a person for their lifetime only (e.g. spousal trust)
  • Protect a beneficiary's disability benefits (ODSP) using a Henson Trust
  • Ensure a cottage stays in the family using a real estate trust
  • Protect an inheritance from creditors or poor money management
  • Other specialized trusts

**HST is extra and all prices are based on virtual or east-end Toronto house calls (Beaches, Leslieville, Riverdale, etc.). Please ask for pricing outside of this area.


How to get a corporate will

1. Contact me

Use the form below to tell me what you're looking for and we can schedule an intro phone call.

2. Schedule an intro phone call 

I will ask a few background questions about your circumstances, explain my process and make sure we're a good fit and the virtual planning is right for you. I'll also tell you exactly how much it will cost.

3. Schedule a virtual estate planning meeting

We will schedule a time for a comprehensive virtual estate planning meeting. I will also send you a welcome package that explains what kind of information to have on-hand along with a biographical info form I'll need to complete and an engagement letter for you to sign

4. Review drafts

I'll send you drafts within 2-3 weeks of our planning meeting along with a document guide to explain some of the unavoidable legalese.

5. Questions or changes

Email or schedule a call to address any questions or changes you might request.

6. Sign documents

The best option is to sign by video. The process is super easy and convenient.

Or you can come to my home office in the Beaches. I will arrange a witness in both cases.

Testimonials


"We had a wonderful experience"

We had a wonderful experience working with Blake. The whole process was very professional, easy to understand, and very clear. Blake was punctual (which was important to our schedule with a new baby) and very accommodating not only to our schedule but also when we had various questions. I would highly recommend him!

Nicole

"Professional, pleasant, punctual, easy to confide in"

Professional, pleasant, punctual, easy to confide in, Blake stickhandled a sometimes difficult process with care and understanding, offering some solid legal advice along the way. His fee is competitive and it sure helps that he comes to you, at your convenience. Highly recommended.

Antonia

"The entire process was smooth and easy."

Blake was clear, succinct, and friendly. We appreciated his eagerness to accommodate our schedules and location. When we had questions, Blake responded promptly, and the entire process was smooth and easy.

Erik

"Professional, punctual and pleasant."

Blake was professional, punctual and pleasant. He answered all of my questions and made sure I was comfortable with what I was signing. The fact that he does house calls is convenient especially since we have a young child. Thank you, Blake!

Ameera

"I'm not sure it gets any easier"

I'm not certain it gets any easier when it comes to Wills and Estates. Blake goes out of his way to make the entire process convenient, transparent and affordable. I highly recommend Blake for your Life Planning needs.

Alok

"Made things easy to understand"

Blake was a pleasure to work with. He was professional, efficient and made things easy to understand. Our family would highly recommend Blake!

Kelly

See my other 5-star reviews on GOOGLE

Get started on your corporate will


** Contacting me does not mean I am your lawyer. Please do not send me confidential information.

Based in the Beaches. 

Virtual estate planning.