When it comes to estate planning, joint ownership is one of the most used tools. By holding a capital asset jointly with another person, property can automatically transfer to the surviving joint owner after the first owner’s death. Joint ownership can be used...
As people age, it is typical to think about estate planning as a means of protecting themselves and their family. However, it is common to question what happens to debts owed by the deceased, and if family members are responsible for inheriting the debts. In this...
Your will is an essential document that outlines who will take care of your dependents and how your assets will be distributed when you’re no longer around. Many people avoid thinking about this topic as it reminds them of their own mortality. However,...
Many people believe that if they have no assets, they do not need a will. However, this is far from the truth. A will is a vital legal document that offers benefits beyond distributing your belongings. It’s where you can appoint an executor, guardians for children,...
As pet owners, we consider our four-legged friends as family members. We give them cuddles when they are sad, walk them in the park, and even share our beds with them. However, have you ever thought of what will happen to them when you are no longer around? Putting...
Estate planning is an essential part of life that is often overlooked. The idea of planning for the inevitable can feel daunting and overwhelming, but avoiding the task can result in complicated legal battles and financial turmoil for your loved ones. In this article,...
