When an individual passes away without having a valid will in place, they’re deemed by the law to have died interstate—which means that the administration and distribution of their estate will be done in accordance with the legislation. On the other hand, when you have a will, you can dictate the distribution of your estate and appoint an executor of choice who ensures your wishes are carried out. Who Administers Read More
Your Will & Pension: What You Should Know
The will you make should ideally include details for how you would want all your assets to be settled and distributed amongst all your beneficiaries. People will add the different properties they own, the liquid money and valuables they have, and the money they expect to get to be distributed. Most people would expect that money owed to you from your workplace would also end up in the same assets pile, but that’s Read More
What Are My Inheritance Rights After My Biological Parent Dies?
It’s a common question, and the answer is: It depends. In general, even biological children have no legal right to inherit a deceased parent’s property. This is why it’s so important for parents to list their children as beneficiaries on accounts and create a will and trust through a reputable estate planning attorney. If your parent died, and you’re confused about your inheritance rights, consult with a New Read More
