Strongroom LLP

Because life is full of plot twists, but your will doesn't have to be a mystery novel. 🔍 Strongroom LLP - Crafting clarity in every chapter of your legacy!

Failing to plan is planning to fail. Your family will thank you for it, get your estate plan in order.

Contact us today www.strongroomllp.com

While these documents may cover most common situations there may be a complicating issue within your estate that warrants formal legal advice. It could be down to a particular asset in your estate (like a company) or due to a more personal scenario (perhaps the children don't get along, you foresee potential challenges to your estate or one of your beneficiaries may have a serious disability that needs to be factored into the planning).

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If your family and financial situation is relatively simple you can draft many of these documents yourself for free, or for a modest cost. However, if you have a more complex estate and/or significant assets, you may feel that the peace of mind that comes from having your legal affairs dealt with by a professional entirely justifies any associated cost.

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This myth stems from the fact that we are often so focused on building wealth that we don't realise the extent of the estate that we have until we sit down and add up the value. Notwithstanding, it is important to make sure that arrangements are made for your finances to be taken care of if you become incapacitated and for the decisions that you want to be taken around your health and medical treatment are properly documented. We should all be thinking about how we can properly provide for our loved ones when that final day comes and to do so in a way that is as Tax efficient as possible. That is why estate planning isn't just for the ultra wealthy - it is for anyone who may become seriously ill or pass away. So, in other words, it is for everyone!

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History is full of stories of celebrities who unfortunately died before planning their estate - many of them at a relatively young age including; Chadwick Boseman, Prince, Kurt Cobain, Tupac Shakur, Amy Winehouse, Pablo Picasso, and Michael Jackson. Just because we haven't reached a certain age in life does not mean that we haven't created an estate worth protecting!

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Prince

Strongroom LLP We are privileged to provide pragmatic solutions to families located throughout Western Canada.

We are often so focused on building wealth that we don't realise the extent of the estate that we have until we sit down and add up the value. Notwithstanding, it is important to make sure that arrangements are made for your finances to be taken care of if you become incapacitated and for the decisions that you want to be taken around your health and medical treatment are properly documented. We should all be thinking about how we can properly provide for our loved ones when that final day comes and to do so in a way that is as Tax efficient as possible. That is why estate planning isn't just for the ultra wealthy - it is for anyone who may become seriously ill or pass away.

Reach out to us at www.strongroomllp.com

62% of Canadians do not yet have a Will. If you pass away without a Will then the Intestacy provisions will apply to determine who will get what and who will be appointed to manage the estate.

If you don't like that idea then it is essential that you have a Will. Even if you are fine with the way that Intestacy will apply to your estate, if you have minor children you should still execute a Will so that you can make clear who you would like to act as their Guardians and Trustees rather than have a Court decide on your behalf.

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Failing to plan is planning to fail. Don't stick your head in the ground, get your estate plan in order.

Contact us today www.strongroomllp.com

Executor of an Alberta Estate?

As the executor of an estate, you have been entrusted with the important task of ensuring that your loved one's final wishes are carried out. Surprised that the bank accounts are frozen or that it is very difficult to sell real estate without a court granting probate. The probate process can be a complex and time-consuming undertaking, but our team at Strongroom LLP is here to help you navigate this process with ease.

Our experienced professionals can provide you with a comprehensive overview of the probate process and work closely with you to minimize delays and costs associated with estate administration. We understand that time is of the essence when it comes to ensuring that beneficiaries receive their gifts as expeditiously as possible, which is why we offer a hassle-free probate process for a flat fee.

Our team will complete probate applications for non contentious estates under $1 million for a flat fee of $3000, including disbursements. For estates valued at $1 million to $5 million, our flat fee is $4000. We will assist you to complete this key step in the process so you can focus on fulfilling your duties as executor and providing peace of mind for your loved ones.

At Strongroom LLP, we understand the importance of a timely and efficient probate process. Allow us to take the necessary steps to finalize the estate and ensure that beneficiaries receive their gifts as soon as possible. Contact us today to learn more about our services and to schedule a consultation.

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Strongroom LLP There is a common misconception that Estate and Legacy Planning are steps to be taken in our latter years as we turn our minds to the transfer of assets to family, friends, and charitable pursuits.  To build wealth without a strategy to protect assets is to surrender control to chance.