Part Two: What To Do When You Inherit A Home In Toronto Canada: 10 Tips You Need To Know Continued... Tip 6: Update your estate plan Inheriting a property can have a significant impact on your own estate plan. You should review and update your will, your beneficiaries, your power of attorney, and your trust, if applicable. You should also consider the implications of inheriting a property on your spouse, your children, and your other heirs. You should consult a financial planner... [read more]