Signing a will is not the end of estate planning. It is the starting point. It may be worth taking a closer look at the bigger picture – your assets, liabilities, family circumstances, business interests, trusts, tax exposure and, importantly, the liquidity your estate will need when the time comes.
Your will is only part of the plan Read More »
A last will and testament serves as a vital estate-planning instrument that outlines our desires following our passing. This document is crucial for individuals possessing assets or wealth. Conversely, for those facing a significant illness, a living will is invaluable as it records our preferences regarding medical treatment during our lifetime. While a last will and testament addresses the distribution of our assets after death, a living will is distinct in that it communicates our medical care preferences while we are alive but unable to express them directly.
Living Wills vs Last Wills: What you need to know Read More »
When a person passes away, their assets – whether movable (like money or cars) or immovable (such as property) – are distributed to the beneficiaries named in their valid will (testate succession). Sometimes, the will specifies that assets must be divided among heirs, such as siblings, and that the remainder should pass to their children. In these cases, questions often arise about how inheritance can be fairly shared and whether assets can be rearranged among heirs.
Beneficiaries and their inheritance Read More »
