NIKA LAW LLP
About the Expert:
NIKA LAW LLP is a boutique law firm in the Etobicoke/Mississauga area, specialized in legal matters involving Wills, Estates, Power of Attorney, Capacity, Trust and Elder Law issues.
NIKA is unique because we offer both solicitor-side and litigation legal services to our clients.
As Estate planners and will drafters, we seek to anticipate issues and mitigate against the risk of Will challenges and contested issues after one’s death. We are sensitive to the difficult conversations that often involve family dynamics and complex asset compositions and allow our clients to feel heard in a safe space.
In litigation, our focus is on settling matters out-of-court, as quickly and expeditiously as possible. Court proceedings are lengthy and costly both in terms of money and emotional toll.
Legacy planning, incapacity, aging, and death are all necessary topics that we pride ourselves to be highly knowledgeable in which in turn allows us to provide relevant, experienced, and specialized advice to our clients.
At NIKA LAW we offer complimentary 30-minute phone or video-conference consultations with our associate lawyers.
Frequently Asked Questions:
Q: What is the difference between my Will and my Power of Attorney?
A: Both of these legal documents are prepared concerning your wishes on your property, possession and loved ones. Power of Attorney documents are only applicable during one’s life -and appoint substitute decision-makers for the grantor; meaning someone that can make decisions in respect of your care and your assets if you are incapable of doing so
yourself.
Wills are only effective after one’s death. The Will appoints the Estate administrator (called “Estate Trustee”) and lays out the testator’s legacy plan for their assets.
Q: What will happen to my estate if I die without a Will?
A: Dying without a valid Will can leave you as an intestate In Ontario, under the legislation, Ontario Succession Law Reform Act – Estates for those who die without a valid Will are distributed in accordance with a specific set of rules, depending on who survives the deceased. Ultimately, without a Will, the deceased really has no say in the distribution of their assets on death.
Q: Who can be the executor of my Will?
A: This is a very important role to think about during estate planning. Executors in Ontario are now called “Estate Trustees”. It can be a beneficiary of the Will, a trust company, professional, friend, or really, anyone. Whoever is appointed must be 18 years of age and it is recommended that they are an Ontario resident (or bonds of security may be required at the time of their appointment). The key is to choose someone that will be competent to act as a fiduciary and trustworthy in the eyes of your beneficiaries. For complex estates it is often preferred to name a trust company or professional with estate administration expertise.
Client Testimonials:
“We retained NIKA law to assist with my mother in law’s estate. Kavina and her entire team were a pleasure to deal with. They were extremely responsive, professional, empathetic and very experienced in their field. Their rates were also very reasonable. I would highly recommend their services.” – Sara Y.
“I cannot recommend this firm enough, my family and I went to NIKA during an emotionally charged time- their compassion and understanding was unmatched. I never felt intimidated to ask questions, and was always shown grace. They had the ability to explain complex legal concepts while making it digestible. This firms approach is truly sympathetic to your cause, while fighting vigorously to defend your rights. Would highly recommend Kavina, Nithila and their team of lawyers.” – Andrew M.