Legal Challenges to the Will (Estate) and their Legal Costs What is a challenge? Here we talk about legal challenges to the estate of a deceased by disgruntled beneficiaries or people who feel that they should not have been left out of the will. These challenges should be instigated promptly by the challengers, after the …
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Probate Explained What is Probate: Probate of wills, granted by the Supreme Court, is required where there are assets in the estate, such as non-joint tenancy real estate and other assets (cash, shares, property etc) to be transferred to beneficiaries. The executors of the deceased’s estate instruct solicitors to apply for Probate, which cannot occur until …
Don’t have your estate pay unnecessary tax – after you die. In your will, give your beneficiaries the option of taking their inheritance directly or via a testamentary discretionary trust. This could save them hundreds of thousands of dollars in tax* How your will can save tax for your estate and beneficiaries: By streaming income …
You may have heard the term “Estate Planning.” This is the term used to bring together all the life and death considerations relating to your health and your wealth. It is a dynamic process during your life: it is not a “once-only event”. Life considerations: Life considerations relate to what happens if you lose capacity …
If you are the partner or spouse of a person, you should make yourself aware of the following, while your partner is alive: Where is your partner’s will located or stored (at the bank or a solicitor’s safe custody)? Are you the executor of the person’s will? – If not who is? Does your partner …
Can a solicitor be an executor of a will? You can nominate your solicitor to be the paid executor of your Will. On your death, your executor obtains Probate or may also be required to hold some assets in trust for certain beneficiaries, with distribution to them, on their attaining a certain age. When all …
What roles can you give your solicitor in your Will? Read More »