07/23/2025
Protect Your Legacy with a Primary and Secondary Will π
Did you know that having both a Primary Will and a Secondary Will can save your loved ones thousands of dollars and make the estate process much smoother?
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A Primary Will deals with your general assetsβbank accounts, vehicles, personal belongings, etc.
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A Secondary Will is used for assets that do not require probate, such as private corporation shares or certain personal effects.
Why have two Wills?
In provinces like Ontario, this strategy helps reduce probate fees significantly. Probate is only applied to the assets covered under the Primary Will, meaning your private company shares and certain other valuables can be transferred without the extra cost and delays.
πΌ If you own a business, real estate, or valuable assetsβthis is something you should not ignore.
π Reach out to Renu Chandel Law today and make sure your legacy is protected the smart way!
Please contact us at 226-557-1515 or email us at [email protected]