Preparing for your ‘digital afterlife’: our 5-step approach
What would happen if you lost mental capacity or died? While your physical life may be well provided for, chances are your digital life and digital wealth is seriously at risk.
What would happen if you lost mental capacity or died? While your physical life may be well provided for, chances are your digital life and digital wealth is seriously at risk.
Unlike divorce, marriage separation does not have an effect on your Will. For this reason, the period of separation that occurs prior to divorce is possibly one of the most important times to ensure your Will reflects your changed circumstances.
When you give an outright gift to someone under your Will, the beneficiary receives the gift from your executor, with no strings attached. The beneficiary can do what they like with it. If you impose any rules on the gift, then you have effectively created a ‘testamentary trust’, and things get a little more complicated.
Do you have the right to determine who inherits your farm? The short answer is ‘not necessarily’, but there are things you can do to increase the chances of your wishes being upheld.
We are often asked how much damage outdated estate planning documents can do. The answer is clear: a lot.
Estate planning basically involves working out what you have, deciding where you would like it to go, and then choosing people to make that happen. Here’s 4 simple questions that you will need to answer to get things started.