Most people know the value of having a will, but I am still surprised by how many people who still don’t have one. Dying without a will means you have absolutely no say about any of your asse…
Most people know the value of having a will, but I am still surprised by how many people who still don’t have one. Dying without a will means you have absolutely no say about any of your assets or care for your children once you die.
However, if you have more specific instructions for alternate arrangements, guardianship for minors, debt forgiveness or explicit instructions after your death, you may wish to have a lawyer prepare your will. It is always a good practice to seek legal advice. The government will then freeze all access until they have completed a full audit, which may take three to nine months. Once your estate assets have been audited, all fees and taxation will be deducted before any disbursement to family. A surviving spouse is entitled to the first $200,000, with the remainder to be split to all those family members the government believes have a claim.
Don’t leave it up to a stranger at a government office to make decisions for your family. You should also consider getting a power of attorney for property and medical Direction.
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