Estate planning is the process of planning for what will happen to your property and other assets after you pass away. This includes designating individuals to receive specific assets and to carry out certain responsibilities, such as acting as the executor of your will. Here is a brief summary of the most important things that…
Why Hire a Professional to Handle My Inheritance? When you pass away, your loved ones are going to be going through a difficult time no matter what. You cannot prevent your loved ones from feeling the sadness of your loss, but you can at least make the administrative aspect of your passing easier on them…
While you do not legally need a lawyer to prepare your will, there are a number of reasons why we highly recommend having your will prepared by a professional lawyer. Your Will Can’t Be Easily Contested If you have a will that was drawn up by a lawyer, it is much more difficult to…
What Does it Mean to Incorporate? When a business becomes a corporation, it is legally treated like a person that is separate from the shareholders who own the corporation. This means that the corporation is capable of hiring employees, taking out loans, paying taxes, owning property, and commencing or being subject to lawsuits. Incorporating your…
Many first-time buyers are unsure as to whether they need a lawyer to buy a property. Once you have found a property or home that you want to buy and your offer is accepted by the seller, that is when you will need to hire a lawyer in order to legally transfer the property into…
Estate administration usually commences along with probate. An estate administrator is a court-appointed person, usually the deceased’s next of kin, who carries out the necessary administrative functions regarding the deceased’s estate in the event that an executor has not been named or the named executor is unable or unwilling to fill the role. …
If you find yourself in a situation where a contractor has not completed a renovation or has done the work improperly so that the space is unsafe or not functional, you may want to consider pursuing legal action. Follow these steps to begin legal action against a contractor. Take Photos Take photos of the…
Making a Codicil You can make minor changes to your will by making a codicil, which is a secondary attachment to the will as opposed to a change to the will itself. A codicil is appropriate for minor updates like a change in last name of a beneficiary who got married, for example. A…
Keep Your Will Updated Make sure your will is up to date and reflects your current wishes. If you change your mind about anything or go through any major life changes, such as getting married, divorced, or having a child, have your will updated to reflect these changes. If you need your will updated or…
