| March is Will Month at GCY
For the Month of March, we are offering a special rate to clients and their family and friends needing to prepare or update a will and powers of attorney.
Making a will is an often over-looked personal responsibility, which helps direct your assets to the right people at the right time. Failing to plan for a will can cause unnecessary financial tension and stress for one’s family and friends. TAKE THE TIME TO DO IT.
And, even if you have a will, it may be time to review it and make sure it is up-to-date with any financial or personal changes that have occurred since you initially created it.
GCY can help you with solid, simplified and cost-effective advice. Contact us for a quote and make planning and/or updating your will a priority while we are offering 20% off the usual rate to complete a will.
Real Estate Services at GCY
Along with wills, let's also remind you about another GCY Specialty: Real Estate. Here is a list of some of the real estate issues we take care of at our offices.
- Residential and Commercial Transactions including buying and selling a home or investing in commercial property
- Mortgage Financing & Re-Financing
- Preparing offers to purchase
- Title insurance
- Power of Attorney
- Land Transfer Tax (Did you know you can get a rebate on land transfer if you have never owned a home before?)
Here are some tips to keep in mind when you first meet with a real estate lawyer.
- Have your real estate agent send to your real estate lawyer the Agreement of Purchase and Sale along with new client contact information and vendor solicitor information including name, address and phone number.
- Have a list of prepared questions when you make the initial contact with your lawyer.
- Your list should include a question on any extra costs that may arise including land transfer
tax and mortgage insurance, title insurance and adjustments.
- Provide your banker/mortgagee with your real estate lawyer’s contact information so that they can provide the mortgage instructions directly to the lawyer.
- Bring 2 pieces of personal identification including driver’s license/passport/ citizenship and a major credit card (no healthcards).
- Advise lawyer as to Marital Status and who will be the owners of the property.
- Before closing you must arrange home (fire and liability) insurance which is required as of the date of closing.
- Insurance is not normally necessary for a condominium but it is strongly recommended
- Mortgagee must be noted on insurance policy
- Advise lawyer where you wish to pick up the keys for your new property.
- Sign up appointment happens before closing (day or two) and you come and sign all documents and provide certified closing funds.
- On date of closing, the purchaser’s lawyer delivers certified closing funds, and in exchange, the vendor’s lawyer delivers the closing documentation and keys. Once completed, the deed will be registered and keys can be released to the purchaser and funds released to the vendor.
- Reporting Letter will be sent to you and includes all relevant details of the transaction. This letter will be mailed to you within 3 weeks from closing date.
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ABOUT GCY:
Gasee, Cohen & Youngman is a commercial legal boutique practicing
in association, with over 40 years experience. They specialize in real
estate, debt collection and litigation. They raise the bar with solid,
simplified and cost-effective legal advice.
www.gcylaw.com
For further information:
Stephanie Black, Marketing executive,
steffiblack@gcylaw.com,
416-553-5529.
Website: www.gcylaw.com
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