Connect with us

Law

The significance of having a will drawn up

Published

on

Wills are written documents that are designed to speak for their creators after death. It expresses the manner in which you wish your property and assets to be dispersed after your death. In the event that you should pass away before your children reach maturity, it appoints a guardian who will care for them. Additionally, it provides additional precise instructions, such as your desired burial preparations, in the will. All of these are significant choices that you shouldn’t leave up to a game of chance. Despite this, a survey conducted in 2018 by the Angus Reid Institute indicated that 51% of Canadians do not have a will.

The good news is that it’s not as difficult as you might think it is. Everything you need to know to get yours in order is provided here for your convenience.

Who has a need for a will?

Wills are essential for those who have dependent children, property, or other assets. In addition, after it has been created and signed, it has to be revisited every three to five years to verify that it still reflects your life and the wishes you have expressed. Because of this, it is now possible for it to be modified to reflect any changes that may occur in one’s life, such as getting married, having children, a death in the family, getting divorced, or purchasing property.

When writing a will, what are some important factors to keep in mind?

Wills can be drafted in a variety of ways, each reflecting the individual’s choices with regard to their possessions and their legacy; nonetheless, there are a few components that are standard in all wills. These are the following:

Choosing a guardian for the children under your care. Choosing a guardian (or guardians) for your children who are under the age of 18 is one of the most significant decisions you can make in your will. If your children are under the age of 18, they are considered minors. It is possible that the talk may be challenging. The alternative, however, is as follows: in the unfortunate event that both parents die away unexpectedly at the same time, or if you are a single parent and pass away at an early age, a judge in a family court will be left to make the decision on your behalf. Even though the parents’ choice in a written will is not legally enforceable, a judge will almost always choose that individual to be the formal guardian of the child in the event that the parents pass away. (It is important to keep in mind that the regulations for choosing a guardian might vary from province to province.)

The process of selecting an executor. An executor is a person (or many individuals) who is tasked with the responsibility of administering an estate and ensuring that all of the instructions given in a will are carried out in accordance with the law. If you have a will, you should choose an executor. If you would rather have a friend or a member of your family serve in that capacity, you are free to make that appointment. Keep in mind that this is a function that might come with obligations that are both specific and time-consuming; therefore, it is imperative that you pick wisely. As a result of this, some individuals may decide to designate a competent third party, such as a lawyer, an accountant, or a trust firm.

What takes place if there is no will to govern your estate?

According to Canadian law, passing away without leaving a will is referred to as “intestate.” In practise, it implies that there are no explicit guidelines to follow in order to split or transfer your assets in the appropriate manner. Remember that if a person passes away without leaving a will, the regulations for administering their estate vary depending on the province or territory they lived in. Nevertheless, the procedure is typically time-consuming and costly.

Do you have insurance on your life?

Having the appropriate insurance is a critical component of a successful estate settlement. There are varied requirements for life insurance at each period of one’s life, ranging from the replacement of lost income and the safeguarding of an estate’s growth to the payment of funeral costs and meeting immediate financial necessities upon one’s passing. If you already have life insurance, you should double check that the beneficiaries that you have specified in your policies are also represented in your will, and that both documents are up to date.

Are you prepared to write your will?

It is not necessary for the creation of a will to be complex or expensive. In the event that you are unfamiliar with the procedure, the following are two typical and uncomplicated strategies to make one:

Create one of your own. Wills are valid as long as they are penned in the testator’s own handwriting and signed by the testator. Even though it is not required, having it signed by witnesses is almost always a good idea. If you want to avoid misunderstandings, you should attempt to be as detailed as possible when expressing your desires so that they cannot be taken in a variety of different ways. In addition, your intentions could not be carried out if you are not conversant with the law and give instructions that go against what is permitted by the law in the event that you leave a will.

Get a lawyer to write it up for you. This is often the most secure course of action, particularly if you have a significant amount of assets. A will can be written by a lawyer in such a way that it expresses the testator’s desires unequivocally and leaves no room for ambiguity or confusion. There is no one standard fee that all lawyers will charge, and even the same lawyer may have varied rates for the same service depending on the degree of difficulty of the case.

Once you have a will, you should store it someplace secure (for example, in a box that is resistant to fire, along with other vital documents), and you should also ensure that your executor is aware of its whereabouts. If you have an attorney draught it for you, they will normally maintain a signed original of the document even if you don’t want them to.

The most important reasons to draught a will

We take a look at some of the most compelling arguments in favour of writing a will, as well as the consequences for those left behind if you pass away without leaving a testament.

  1. Draft a will that specifies who will take care of your children if you pass away.

When you write a will, your primary responsibility is not to decide how your estate will be split. You also have the ability to choose who will be responsible for the care of your dependents. You have the ability to choose legal guardians for them if they are under the age of 18.

In the event that you do not, the choice may be handed over to the family courts, which may select a person with whom you would disagree.

It’s possible that you’ve asked close friends or family members to stand in as godparents for your kids, but this doesn’t tie them in any way legally.

Learn more about the importance of creating a will for new parents.

  1. Make sure that your kids have enough money to live comfortably.

You can establish arrangements to care for your children financially in the future, in addition to deciding who will be responsible for raising your children. This may involve setting aside funds for their schooling, ensuring that they receive a predetermined amount each year for clothing or hobbies, or building up a savings account for them to use when they are ready to purchase a home.

You should give some thought to establishing a trust in order to provide for your children since this enables you to exercise some degree of control over the circumstances under which your children get the money and how they spend it.

You can form a trust in one of two ways: either while you are still alive and do it while you are alive, or you can leave instructions for it to be established after your death and have it done after your death. Check out our comprehensive guide to will trusts to discover more about the many alternatives available to you, as well as how they operate and the potential costs involved.

  1. Ensure the financial well-being of your dependents, including any stepchildren

The law specifies that only spouses or blood relations can automatically inherit if there is no will, thus even if your step-children are an important part of your life or even if they are the only children you have, they cannot inherit automatically.

You will need to include your step-children in your will if you intend to provide for them financially in the event that you pass away. The same rule applies to children you have taken in as foster care or any other dependents who could rely on you for financial assistance.

  1. Protect your partner if you’re unmarried

No of how long you’ve been together, unmarried partners have no legal claim to anything from your inheritance unless it’s clearly specified in the will of the deceased person.

The creation of a will assures that your spouse will get their rightful portion of your inheritance upon your passing.

  1. Ensure the safety of your house for your family.

In the event that you pass away without leaving a will, your unmarried partner and stepchildren do not immediately become eligible to inherit the family home if the property is in your name. This means that they run the risk of being evicted from the property.

You have the option of include them in your will and leaving them either a portion of the property or the right to continue living in the home.

  1. Put an end to arguments within the family

If there is no will or if your preferences aren’t made clear, the process of dividing up an inheritance can unfortunately occasionally lead to squabbles and conflicts among the survivors of the deceased.

Contested wills may be harmful to the relationships that you have within your family, and they can also be costly if the decisions that are made regarding your estate are challenged in court.

If you have a will that is well-prepared, it can help you avoid these disagreements and prevent your passing from causing your survivors any further hardship.

  1. Stay away from paying more inheritance tax than is absolutely necessary.

The amount of inheritance tax that will be levied on your estate is determined not only by the size of your estate but also by the beneficiaries you choose in your will.

Anything that is bequeathed to a person who is married to you or your civil partner is immediately free from inheritance tax. When compared to leaving property to other people, including your children and grandchildren as beneficiaries of your estate is likely to result in a lesser inheritance tax liability.

Discover more about inheritance tax, including its criteria, rates, and payers here.

  1. If you’ve been married for a short time, you should draw out a will.

If you get married in England or Wales, your previous marriage will immediately be deemed null and void. This implies that, according to the rules of intestacy, your inheritance might wind up being shared between your new spouse and children from a prior marriage, which could lead to problems in the future.

If you get married in Scotland, however, your previous will is not instantly invalidated. This means that if you pass away, your new spouse may not inherit anything from your estate if you did not include them in your previous will.

Additionally, getting divorced does not nullify your will, which means that even after the divorce, your ex-spouse may still be eligible to receive from your inheritance.

As a result, it is important to examine your will on a frequent basis to ensure that it continues to accurately represent your circumstances, particularly after major life changes like as marriage or divorce.

  1. Determine with whom you would feel most comfortable settling your estate.

You have the ability to appoint an executor, or many executors, inside your will. These individuals will be responsible for following out your last directives.

When you choose your executor in advance, you have the ability to pick the one who is most qualified for the job. In addition to this, it provides the executor with advance notice so that they can get ready.

Have a look at our guide to the probate process if you want to find out more about the duties that come with serving as an executor.

  1. Specify the people you want to take care of your animals.

In the event that you die away, your pets, whether they be dogs, cats, or any other kind, would likely need to be cared for.

Only a few dogs have been known to inherit significant wealth, such as the German Shepherd Gunther IV, who was given a sum in the nine figures after his owner passed away in 1992. However, a more frequent practise is to choose a caretaker for them and set aside some funds to ensure that they have adequate nutrition and medical attention.

  1. Take precautions to safeguard your digital assets.

These days, money in the bank and material possessions aren’t the only things that might be considered assets. Your digital accounts and online purchases, such as music, images, or websites, are also considered part of your belongings; nevertheless, if you do not account for them in your will, they may be lost forever.

Things like email accounts and social media profiles are also a part of your legacy; ask yourself whether you want the material to be safeguarded or deleted, and consider whether or not your executor will need access to any passwords, Direct wills UK.

You may find further information on this topic in our guide on the things you should include in your will, will writing service milton keynes.

  1. Donate to a good cause.

If you are a donor to a charitable organisation, you could consider leaving anything to that organisation in your will.

If you leave more than 10 percent of your assets to a charitable organisation after you pass away, your heirs may be eligible for a reduction in the amount of inheritance tax they are required to pay as a result of your estate.

Continue Reading
Click to comment
Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

Law

Essential Things to Consider Before Hiring an Attorney to File a Medical and Health Damage Lawsuit

Published

on

Health Damage Lawsuit

It can be very stressful and confusing when you suffer a severe injury or illness due to someone else’s negligence. In addition, you’re likely dealing with medical bills, lost wages, and other expenses while trying to get back on your feet. That’s why hiring an attorney is so essential. The right lawyer can help you recover the compensation you need to cover those costly expenses. But before hiring an attorney for your health damage lawsuit, here are some essential things you should look for:

Specialization of Attorney

When looking for an attorney, you should check that they specialize in law. They should also have experience handling medical-related cases and be able to provide references from previous clients. If possible, ask them to explain any prior case they took so that you can get an idea of what type of lawyer you’re dealing with.

Next, look for an attorney who deals with court systems. It is common for people who do not understand how the system works to lose their case. It is primarily due to a failure on their part to understand the facts and circumstances surrounding a particular situation. It will help ensure your case has better chances of success since you’ll have someone who understands all aspects when presenting it. Someone who knows what must be done at every stage of litigation. Also, who understands how each side needs evidence within legal bounds and managing witnesses’ rights under the American law system.

Discuss Similar Medical Lawsuits With the Attorney

Make sure that the attorney has experience with similar medical-related lawsuits and cases. An excellent way to find out is by asking them if they have previously handled cases like yours. Also, understand what results from those cases were yielded. Consider the araquat Parkinsons Lawsuit, which can be filed if a person has been diagnosed with Parkinson’s disease immediately after using paraquat (a herbicide). So if your case is similar to this particular medical lawsuit, then you want to know if they have handled cases that resulted in such trials. If their answer is yes, you should ask them how many and how much time it took them to get there.

The goal here is to ensure you are getting an attorney who knows what he/she is doing. So, if your case goes into the litigation phase, they would be well experienced in handling medical negligence.

Experience and Reputation

It is essential to check for the experience and reputation of the attorney you are about to hire. If you have a lawsuit involving complicated legal matters, only an experienced lawyer is well versed in handling similar cases. If your case involves medical malpractice, you will want to find out how many years of experience the attorney has in such instances.

You should also ask yourself whether or not this person can handle my case if I need one? Would they know what steps must be taken at each stage? Will they be able to communicate clearly with me, so I know what’s happening at all times? You might want someone who specializes in these cases because they may have connections within the community or industry. It can help get things done faster than other lawyers would.

License and Qualifications

To be eligible for a medical malpractice lawsuit, you need an experienced attorney licensed in your state. The best way to do this is by looking at their website to check the listing of all qualifications.

A lawyer licensed in your state will most likely be able to help you win your case. Again, they are familiar with the state’s laws and regulations regarding medical malpractice cases.

The next thing you should look for when choosing an attorney is whether or not they are a member of the American Bar Association (ABA). Members of ABA have passed an exam testing their knowledge of law and ethics. As a result, they will know precisely how much experience they need before taking on any new case. The ABA also offers seminars on different topics related to law practices so that attorneys can keep up with all changes within the field.

Fees of the Attorney

When hiring an attorney, you should also consider the attorney’s fees.

How much does the attorney charge per hour?

An experienced lawyer charges anywhere from $200 to $400 per hour for their services. If you have a fundamental question about your medical malpractice case, expect to pay about $250-$300 for this kind of work. However, if you need your lawyer’s assistance in preparing complex litigation documents such as expert reports and depositions, expect to pay more than $500 per hour. Some attorneys may charge additional fees if they employ paralegals who work on your case.

How much does the attorney charge for filing fees?

Many attorneys offer “flat rate” filing packages, including all necessary court fees for filing a lawsuit. Typically, these flat rate packages cost between $1,000 and $3,000, depending on your case’s complexity. However, in some cases, exceptional circumstances could result in additional legal costs being charged by specific experts. As a result, it would make it difficult for some people without sufficient means to afford representation.

Communication Skills

It is crucial to check the communication skills of a lawyer. You can do it by asking questions and observing the way they respond. The more you talk, the better it is for you to understand how well your attorney listens to and understands your concerns.

If your attorney does not provide answers to all of your questions, then it is probably time for him to move on from this case. However, consider looking elsewhere if he makes excuses or asks for an extension to answer. It is not acceptable behavior from anyone who claims they have all their cards on the table at all times.

It’s also vital that an attorney communicates with his clients promptly. Hence, there are no delays in getting things done in the court or with other action-related tools like subpoenas. These items might require immediate action. It implies that if someone doesn’t respond quickly enough when necessary, we might be in trouble again.

Reviews and Testimonials

When looking for an attorney, it’s good to check the reviews and testimonials left by clients who have hired them in the past. You can find these on the attorney’s website and social media pages and their Google and Yelp profiles.

Google reviews are critical because they appear first in search results when someone Googles an attorney’s name. So this is where many people will be looking when trying to decide whether or not they want to hire an attorney. It is also essential that your potential attorney has excellent ratings on Yelp because this platform has a lot of traffic as well.

Research Before Hiring

Researching the details to consider when hiring an attorney for filing a medical lawsuit is vital. You should choose one with the necessary experience, reputation, and good communication skills. It will help you to get the best results in your case.

Continue Reading

Law

5 highlights you should consider having a DUI lawyer

Published

on

5 highlights you should consider having a DUI lawyer

Every state has its governing laws relating to impaired driving. For instance, in the united states, drivers above 21years are not allowed to drive with a blood alcohol content of 0.08 percent or above. This is unlawful according to state laws. Therefore, you need to get a professional and experienced lawyer such as Allan Pearce when accused of breaking the impaired driving laws. Hiring a DUI lawyer offers several highlights.

Here are some benefits of hiring a Dui lawyer

  1. They will help you retrieve your license

One of the initial advantages of employing these specialists is that they will battle for your certification and, in most cases, will be successful. You might not be able to reclaim your license on your own. However, with the appropriate DUI lawyer on your side, your chances of being able to drive again are greatly increased, and you might be back on the road in no time. This is critical since your ability to drive a car is likely essential to many elements of your life.

  1. They may minimize your sentence.

The punishments imposed on DUI convictions vary greatly from one instance to the next, and they might range from light to severe repercussions. If you are a first-time offender, you may be eligible for a relatively compassionate punishment, but if you are a repeat offender, you may face more harsh penalties. Do not undervalue the gravity of these incidents; doing so will only result in you receiving a harsher sentence. However, if you choose to work with the best lawyer, you will have a far better chance of having your sentence lowered, and your fines decreased. Of course, your unique circumstances will determine the exact sentence, but the attorneys you employ will work tirelessly to lessen it. These pros may even be able to assist you in getting your case completely dismissed, which is an undeniable benefit. As you can see, working with these professionals has a lot of benefits.

  1. Saves you money

These lawsuits may be quite expensive, which is not to your advantage. While it may seem strange, hiring a DUI lawyer might save you money in the long run. They will understand exactly when and how to argue the evidence in court, saving you money and time. Working with such pros still has another significant advantage.

  1. They Will Assist You In Spending Less Time In Court

These specialists will not only lead to significant savings but also help you spend less time in the courts. After all, you have a life beyond the courtroom and apart from your DUI case, but that life cannot be put on hold just because you made a single blunder for which you must now pay the price. DUI lawyers are well aware of this, which is why they will do all possible to assist you to avoid spending too much time in court.

  1. They are knowledgeable in areas where you are lacking.

If I were to summarize everything and give you one reason to employ a DUI lawyer, it would be this. DUI attorneys are knowledgeable and experienced in such cases. Therefore they will ensure to give the best of their knowledge to ensure you do not go to jail and also retrieve your license.

In conclusion, hiring an attorney has numerous advantages. The above listed are some of them. When accused of breaking impaired driving laws consulting with a lawyer is the best idea.

Continue Reading

Law

Top Qualities of a Good DUI Attorney

Published

on

Top Qualities of a Good DUI Attorney

If you are facing any DUI convictions, you will have to hire an experienced lawyer knowledgeable about matters related to DUI cases. DUI convictions cause numerous implications. For this reason, getting a highly competent lawyer should be on top of your list.

You will need to find a good lawyer from a reputable law firm like the Saskatoon DUI, competent and experienced, to get outstanding representation in court. If you want to know some of the essential qualities to look for in an attorney when facing DUI charges, keep reading.

Communication Skills

Good communication skills are essential to look out for a while looking for an attorney to represent you in your DUI case. Your attorney should also have good listening skills to comprehend complicated situations and witness statements because they require detailed responses. A good lawyer should be able to handle people well and know what should be said and when it should be said. The overall success of the case is highly dependent on good communication skills.

Transparency

You’ll want to know the possible outcome of the case when you talk to your DUI lawyer. Suppose an attorney isn’t transparent with the details regarding your case. In that case, reconsider getting a lawyer who’ll be very open with you and tell you everything regarding your case. Reasonable attorneys should always portray transparency to their clients when dealing with any issue.

It is crucial to clearly understand your case’s possible outcome, even if a better result than expected arises after negotiations. It is better to prepare yourself for the worse than to expect positive results and disappointment after being charged with a harsh penalty.

Good Reputation

Your case is likely to have a positive outcome if you are dealing with a highly reputable lawyer who is experienced. An attorney knowledgeable in matters related to DUI laws and good work ethics is a good choice. You will also have to check their records to see how many cases they have successfully handled. Look for another lawyer if you are unsure about their credibility.

An Excellent Ethical Track Record

A judge will recognize reputable representation when you get a highly respected lawyer to represent you in court. The records of disciplinary actions of a lawyer are accessible to the public to access, making it easy for one to check the lawyer’s background.

Proper Research Skills

Your lawyer should immediately be able to assess more information at once. In some situations, the lawyer knows they will have to conduct extensive research on certain aspects of your case. Working with a lawyer who knows when to conduct a proper analysis to confirm your case’s details is essential. This aspect is a key strategy that comes in handy in building strong arguments—experienced lawyers research cases without spending too much time on details that will not assist the case.

Conclusion

DUI cases are only good as the lawyers who represent them, so ensure you get an attorney who will represent you well. Look out for the above qualities while choosing your DUI attorney to guarantee your success in getting a good lawyer. Don’t forget that drinking and driving is NEVER a good choice!

Continue Reading

Title

10 Tips For Growing A Successful Service Business 10 Tips For Growing A Successful Service Business
Business2 days ago

10 Tips For Growing A Successful Service Business

Entrepreneurs are brave souls who’ve taken on life-altering challenges and continue to make sacrifices to grow their businesses. Opening a...

Health Damage Lawsuit Health Damage Lawsuit
Law2 days ago

Essential Things to Consider Before Hiring an Attorney to File a Medical and Health Damage Lawsuit

It can be very stressful and confusing when you suffer a severe injury or illness due to someone else’s negligence....

The 3 Features To Look For In A Family Home The 3 Features To Look For In A Family Home
Real Estate2 days ago

The 3 Features To Look For In A Family Home

Buying a new home is a big decision and it takes a lot of thought to make sure that you...

Home Improvement2 days ago

Let Your Fridges Run Efficiently with These Tips

The primary reason people use refrigerators is to keep food items at cold temperatures, making the foods remain fresh for...

How To Improve The Taste of Tap Water How To Improve The Taste of Tap Water
Life Style2 days ago

How To Improve The Taste of Tap Water

Some people find that they just don’t enjoy the taste of tap water. If your water tastes weird to you,...

Chance of a lifetime Chance of a lifetime
Sports3 days ago

Chance of a lifetime: Play the online lottery for your chance to win big

Introduction Winning the lottery is a chance that most people only dream of, but for some it’s a reality. If...

What to Expect From Your SEO Services What to Expect From Your SEO Services
Digital Marketing3 days ago

What to Expect From Your SEO Services

Only 0.78% of Google users check the second page of search results. If your website doesn’t appear on the first...

Credit Card Misbeliefs That Can Harm Your Credit Score Credit Card Misbeliefs That Can Harm Your Credit Score
Business4 days ago

Credit Card Misbeliefs That Can Harm Your Credit Score

Credit cards can be an excellent financial instrument for managing finances if they are used and paid back in a...

5 Tips To Get The Most Out Of Your Hot Water System Installation 5 Tips To Get The Most Out Of Your Hot Water System Installation
Home Improvement6 days ago

5 Tips To Get The Most Out Of Your Hot Water System Installation

Hot water is seen as an essential part of any home. That’s because we rely on it to enjoy a...

Celebian Review Celebian Review
Social Media6 days ago

Celebian Review – Is it a Legit Service?

TikTok has become a popular social media platform. It has become one of the most popular platforms and it has...

Categories

Title

Trending

0
Would love your thoughts, please comment.x
()
x