Estate Planning - Page 4 of 12 Category

Debts After Death

Aug 5, 2010 | Estate Planning, Funeral, Personal Finance, Probate

When thinking about calculating the value of an Estate after a person’s death, we naturally assume that there will be enough left to distribute between the Executors and loved ones or charities, after all bills have been paid.

Unfortunately, this is not always the case, and in many instances, the person’s debts far exceed the value of their Estate, making them in effect, insolvent. This scenario is perhaps more common than you may think and can result from poor financial decision making or simply be a reflection of the weak economy at that time.

The need for detailed Wills

Aug 5, 2010 | Estate Planning, Probate, Wills

Probate can be a long and lengthy process, depending on the amount of nature of the assets which are to be left to loved ones. However, it can be made considerably easier and faster, with the inclusion of specific detail in the Will.

How your bank account will affect probate

Aug 4, 2010 | Estate Planning, Personal Finance, Probate

Whether or not you currently have a joint bank account with your partner, a sole bank account or a mixture of the two, will greatly affect the distribution of your Estate when it comes to probate.

Probate valuations – keep abreast of changing value

Jul 23, 2010 | Estate Planning, Probate

Why you need to have your assets revalued periodically

Consider the cost of probate

Jul 21, 2010 | Estate Planning, Probate, Wills

One of the key things you will need to decide when you make your Will is who to appoint as Executors – the named individuals who will organise your funeral arrangements and administer your Estate after your death.

Will writing – setting up a Trust Fund

Jul 14, 2010 | Estate Planning, Personal Finance, Wills

One thing you need to consider when you are writing your Will is whether you or not you want to set up a Trust Fund, particularly if you have one or more child who is under the age of 18 at that time.

Contesting a Will

Jul 13, 2010 | Estate Planning, Probate, Wills

It stands to reason that in most cases, the last thing your loved one wants to do is create a problem for those left behind after they have gone. Despite this, thousands of people continue to ignore the need to prepare a Will which can be followed in the eventuality of their death.