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When two mature people who have the intention of getting married have highly valuable assets, prenups help outline how the different assets will be divided upon their separation. Prenuptial Agreements before a second marriage are very key in protecting the children who are coming from previous relationships. The agreement will state the assets that will[…..]
In situations where a child’s parents have divorced or are separated, the parents can enter into a parental responsibility agreement as a way of setting up “management”of the child’s well-being. Section 23 of the Children’s Act describes parental responsibility as the duties, rights, powers, responsibility and authority which a parent has over a child. Parental[…..]
A person seeking the Divorce is the Petitioner while the person from whom a divorce is sought is the Respondent. For a divorce to be granted, the following steps should be followed: Petition: The petition is the first documents filed in Court and outlines the grounds for the divorce. Once the petitioned is filed, it[…..]
Writing a Will protects your spouse and children from malintent by unscrupulous family members. Contact us today for your Succession Planning.
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A Will that does not conform to the law could be successfully challenged and revoked or have the invalid section revoked. Here are common grounds for challenging a Will: The Will was made/executed under undue influence or coercion. The Will is unclear. A latter Will has been made taking precedence over an earlier Will. The[…..]
Draft a Will – Anyone of sound mind and over 18 years can make a will. A Will acts as a guide for the distribution of your assets. List all your assets – Make a list of all your personal and real properties. List of liabilities – These may include mortgages, car loans and other[…..]
An estate administrator is the person dealing with the estate of a deceased person. S/he can either be appointed by a will or appointed by the courts. Below are the common mistake an administrator should avoid:1 Failing to make an accurate account of the deceased assets and liability – this may lead to wastage of[…..]
A Trust Funds is a a document created establishing a contract between yourself as the Settlor and a Trustee, on behalf of your selected Beneficiaries. The advantages of setting up a Trust Fund are as follows: Creditor Protection Protecting Against Relationship Property Claims Protecting Family with Illness or Special Needs & Against Spendthrift Beneficiaries Flexibility[…..]
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