• A copy of your existing estate plan along with all relevant documentation (i.e. Wills, contracts, agreements, etc.) or at least a summary of the key elements of the documents such as gifts and whether they are outright or in trust, beneficiary designations, title or ownership structures for your property, any restrictions on transfers of property, and a list of all your debts and other obligations.
  • An estimate of the estate administration tax owing of you do not make any changes. An estimate of the estate administration tax owing under the proposed changes.
  • An estimate of current and future income tax liability that will result from the proposed changes.
  • A summary of any changes in your right to use or control your assets if you make the proposed changes. For example, if you transfer real estate into joint tenancy and you later want to refinance the property the other joint owners would have to agree to the refinancing for it to go through but they are not required to do so.
  • A summary of all risks that the proposed changes may represent. For example, if you transfer any form of property (real or personal) into joint ownwership you expose the property to the creditors of the other owners including spouses who may have entitlements under the family law rules of the applicable jurisdiction.
  • An estimate of any professional fees and related costs necessary to implement your plans should you elect to proceed.