Why you should write a will After you are deceased, your money, possessions and property make up your estate. Your will instructs what should happen to these items in the event of your death. However, if you do not leave behind a will, the law dictates how your estate will be passed on, which may …
Breaking down a Joint Will, Mutual Wills and Reciprocal Wills. You and your spouse probably want to draft a will together. You may wish to leave your entire belongings to each other and eventually to your kids. One such way to accomplish that is creating what is known as a joint will. A joint will …
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Different Types of Wills? All Wills should be typed instead of handwritten and written by a person who is over 18 and of ‘sound mind’. An executor must be listed to manage the Will and the document must be signed, dated and witnessed by a certain number of people for it to be legal. There are …
What is an Estate? In short, an estate is simply a person’s net worth according to the law. So this can include property, money in bank accounts, vehicles, and even smaller things like jewelry. You can think of an estate, however, as two colors: black and red… This is because an estate is not only …
What is a Last Will & Testament? A Last Will and Testament is a document which states clearly who you choose to inherits your assets. It also allows you to select guardians for your children, and name an executor (the person who carries out your wishes). A Last Will and Testament is undoubtedly the most …
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