faqs for business owners
what are primary and secondary wills and are they right for me?
In Ontario, it’s possible for an individual to have multiple Wills, usually call Primary and Secondary Wills. One Will deals with assets that are subject to Estate Administration Tax and the second Will deals with assets that are not subject to Estate Administration Tax. You may wish to create a multiple Will estate plan if you own a private corporation. Creating your estate plan in this way could save your estate a significant amount of money. Book a consultation to see if this type of estate plan is right for you.