If you are leaving assets or inheritance to a disabled child or individual and you would like them to still be eligible for government benefits, something that should be considered is the use of an absolute discretionary trust for them. More commonly known as a Henson Trust, named so after Leonard Henson of Guelph, Ontario. Continue reading
Known as a common disaster clause, couples should ensure that their residual estate would pass to the surviving spouse only after surviving the testator by a specified period of time, typically 30 days. This means that if one spouse were to die, instead of the residual estate passing immediately to the other spouse, it is held up for the specified period of time.
The late South African leader, Nelson Mandela, has left behind a legacy and an estate amassing $4.6 million for his loved ones. Under the provisions of his Will, his widow, Graca Machel, has the right to receive several of the assets left behind in his Will, provided that she forfeit her right to his estate.
What is included in these assets and what does she receive? Read About It Here.
Forbes Magazine reported earlier this month that Whitney Houston’s Will was being challenged in court by none other than the late singer’s own mother and sister-in-law, Cissy and Marion Houston. Continue reading
Many customers often ask what the difference is between a Living Will and a Last Will and Testament, or what a Power of Attorney is and why it is important.
Succession planning isn’t something you expect to learn about from Archie comic books. Continue reading