Buying a home is a huge milestone, but many homeowners overlook one critical follow-up step: creating or updating their Will.
At Sooden Law Professional Corporation, we often meet clients who’ve just purchased property in Ontario but don’t have a valid Will in place. Whether you’re single, married, or a parent, having a Will is one of the most important ways to protect your family, assets, and peace of mind.
1. Your Home Is One of Your Biggest Assets
Once you purchase real estate, it becomes part of your estate — and if you pass away without a Will (also called dying intestate), your property may not go to the people you intended. Instead, Ontario’s default inheritance laws decide who gets what.
For example:
- A spouse may not automatically receive 100% of the property.
- Children may inherit jointly, causing disputes or forced sales.
- If you’re unmarried but co-own property, your partner might receive nothing.
Our firm helps clients plan ahead by drafting Wills that clearly state who should inherit their home and other key assets.
2. Real Estate Ownership Type Affects Your Estate
Did you know the way you hold title affects how property passes on death?
- Joint Tenancy means the other co-owner automatically inherits the property.
- Tenancy in Common means your share forms part of your estate and is passed on through your Will.
Many clients are unaware of this distinction until it’s too late. That’s why it’s important to have your real estate and estate planning handled together — which is exactly what we do at Sooden Law.
3. A Will Helps Avoid Family Conflict and Legal Delays
Without a Will:
- The court will appoint an estate trustee (which takes time and money).
- Disputes between family members may arise.
- The home could be sold quickly to settle the estate — even if that’s not what you wanted.
A clear Will ensures your wishes are followed, minimizing stress and conflict for your loved ones.
4. You Can Name a Guardian for Minor Children
If you have children under 18, your Will is where you legally appoint a guardian. Without one, a judge will decide who raises your children. You can also set up trusts to manage their inheritance until they’re old enough.
5. Wills Should Be Updated After Major Life Events
If you’ve:
- Bought or sold a home
- Gotten married or divorced
- Had children
- Started a business
…you should update your Will.
We offer fast, affordable Will updates — and we’ll remind you when it’s time for a review.
Bonus Tip: Pair Your Will with a Power of Attorney
In addition to a Will, Ontario residents should also have:
- Power of Attorney for Property (for managing finances if you’re incapacitated)
- Power of Attorney for Personal Care (for health care decisions)
We include these documents in our comprehensive estate planning packages.
Let Sooden Law Help You Protect Your Family and Property
Whether you’re buying your first home, planning your estate, or managing family changes, Sooden Law provides the legal guidance you need.
We specialize in:
Real Estate Law
Wills and Estate Planning
Family Law (Separation, Divorce, Parenting)
Call today for a free consultation or to start your Will in a few easy steps.
437-242-9970
soodenlaw@gmail.com
www.soodenlaw.ca