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Wills and Estate Lawyers

Dual Wills for Business Owners

Protect Private Company Shares and Minimize Probate Costs

If you own shares in a private corporation, a dual will strategy can significantly reduce the probate fees owed by your estate. At Kormans LLP, we prepare dual wills that separate your business assets from your personal estate, helping you preserve value and avoid unnecessary delays or expenses.

We work with business owners, professionals, and corporate shareholders to ensure their legal documents are properly structured and compliant with Ontario law—whether you're incorporating a new company, restructuring ownership, or updating your estate documents after a major transaction.

Our approach is practical, efficient, and tailored to the unique needs of business owners and their families.

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Common Dual Will Services

Kormans LLP offers a full range of wills services to support your business owners needs

Drafting Dual Wills for Ontario Corporations
Updating Existing Wills After Incorporation or Share Acquisitions
                                                                                                                             

We prepare two legally valid wills
one for corporate shares and business interests, and another for personal assets—keeping eligible business assets out of the probate process.

Coordinating with Corporate Lawyers & Accountants
We collaborate with your professional advisors to ensure alignment between your corporate structure, tax planning, and dual will strategy.

Updating Existing Wills After Incorporation or Share Acquisitions 
If you've incorporated or acquired new shares, we’ll revise your estate documents so they reflect the change and protect those assets from probate.

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Updating Existing Wills After Incorporation or Share Acquisitions 
If you've incorporated or acquired new shares, we’ll revise your estate documents so they reflect the change and protect those assets from probate.

Valid Execution & Compliance
We handle all witnessing and formalities to ensure your dual wills are legally enforceable and ready when needed.

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Transparent Simple Pricing

All prices are based on standard wills and exclude HST.
Looking for help finding the right service?
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All prices are based on standard wills and exclude HST and disbursements.
Disbursements are third-party costs that your lawyer pays on your behalf during a real estate or mortgage transaction. These may include:

  • Title Search Costs: Verifying property ownership and liens.
  • Registration Costs: Recording ownership with the government.
  • Execution Search Fees: Checking for legal claims or judgments.
  • Transaction Levy Surcharge: Regulatory fees from bodies like the law society.
  • Title Insurance: Protecting against title issues.
  • Software Transaction Fee: Costs for document preparation tools.
  • Other Disbursements: Banking charges, ID verification, and file storage.

Your lawyer will include these in your final bill for transparency.
Looking for help finding the right service?
Contact Us
Disbursements are third-party costs that your lawyer pays on your behalf during a real estate or mortgage transaction. These may include:

  • Title Search Costs: Verifying property ownership and liens.
  • Registration Costs: Recording ownership with the government.
  • Execution Search Fees: Checking for legal claims or judgments.
  • Transaction Levy Surcharge: Regulatory fees from bodies like the law society.
  • Title Insurance: Protecting against title issues.
  • Software Transaction Fee: Costs for document preparation tools.
  • Other Disbursements: Banking charges, ID verification, and file storage.

Your lawyer will include these in your final bill for transparency.

Get started with Kormans

Why Choose Kormans LLP for Digital and Modern Estate Planning?

1
Tailored Legal Advice
We provide customized solutions to meet your unique estate planning needs in the digital age.
2
Comprehensive Support
From wills to social media inheritance, we handle every aspect of digital estate planning.
3
Proven Proficiency
Our lawyers have extensive experience in estate law and digital asset management, ensuring your success.
4
5
With a proven track record in wills and estate lawyers, our lawyers are known for their attention to detail and commitment to excellence.
We work closely with clients and partners alike to deliver results that exceed expectations.

What our clients say

Cherry Jucutan

I highly recommend this group as the best, trusted,and good service...thank you so much for your help and job well done!😊

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Frequently Asked Questions

What are digital assets, and why should they be included in my estate plan?
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Digital assets include online accounts, cryptocurrency, intellectual property, and other digital files. Including them in your estate plan ensures they are managed and distributed according to your wishes.

How can Kormans LLP help with managing digital assets in wills?
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We help you identify and include digital assets in your will, ensuring clear instructions for their management or transfer after your passing.

What happens to my social media accounts after I pass away?
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Social media platforms have different policies for account management after death. We help you plan for account inheritance, transfer, or closure to align with your wishes.

Can I include cryptocurrency in my estate plan?
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Yes, cryptocurrency can be included in your estate plan. We provide legal guidance to ensure its secure transfer to your beneficiaries.

Why is modern estate planning important in today’s digital age?
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Modern estate planning ensures that your digital assets and online presence are protected and managed as part of your overall estate plan, providing peace of mind for you and your loved ones.