If you are a business owner then the following tax planning strategy should be considered as an integral part of your estate plan as it may result in the avoidance or reduction of substantial probate fees. Probate is the legal process of having a Will validated by the Court and it also confirms an individual’s […]
Read MoreThe Perils of Joint Ownership
Many individuals want to avoid paying probate fees at all costs. The thought of paying probate fees seems to drive people crazy. No one wants to pay any more money to the government than we have to but you have to be very careful. Probate planning should not be the main focus in your estate […]
Read MoreWhat Happens If You Die Without A Will?
LAWPRO has produced this video which explains the benefits of having a prepared will.
Read MoreProbate: A Necessary Evil!
There is a common misconception that probate is only necessary if the deceased died without a Will. This is not true. Probate is the process whereby an individual’s appointment as an Estate Trustee (the new name for an executor or administrator) is confirmed by the Court. The Estate Trustee is the person responsible for administering […]
Read MoreTop 10 Things You Should Know About Wills and Estate Planning
1. Having a will enables you to decide who benefits – and who doesn’t – from your estate. 2. You can name the executors of your estate and guardians for your children in your will, decide at what age your children will receive their share, and make special provisions for disabled beneficiaries 3. You will […]
Read More