When the In-Law becomes an Outlaw
I learnt recently of a rather unfortunate situation with a very tightly knit family. In 2010, Michael (not his real name) asked his aged parents to give him the family house. His parents consulted with his siblings and everyone agreed since he was the only child still living at home. His lawyer prepared a Deed
Read MoreMULTIPLE WILLS AS AN ESTATE PLANNING TOOL
The use of multiple Wills is an effective estate planning strategy to save money and, sometimes, completely avoid time wasting upon the death of a Testator (the person making the Will).Multiple Wills usually become useful in situations where a Vincentian owns assets both in Saint Vincent and the Grenadines and another country, for example, in the United
Read MoreThe Limited Liability Company as an Estate Planning Tool
An incorporated body (company) is a legal person in its own right and can acquire and own all types of property in its name. This may include real estate (land and house), cash in the bank, vehicles, shares in a company…you get the point. So the company is able to own any kind of property
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Where There Is A Will, There Is Confusion! Top 5 Common Misconceptions About Wills
When a client told me that she was bestowed two houses, a car, money and farm land under her father’s Will, I had to ask, “How lucky can some people be?!”. But when the same client said she had no intention of probating the Will because “It is abundantly clear that the properties belong to
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SETTLING THE ESTATE OF A DEAD RELATIVE
A client emailed me this week with what I think is a very popular issue found in Caribbean jurisdictions. Many people fail to do any estate planning during their lifetime, and die leaving their estate unsettled. The client explained that his grandfather and grandmother together owned a piece of land and had the title deeds
Read MoreHappy New Year!
As we welcome 2017 and the wonderful prospects it holds, we cannot help but be grateful for all the wonderful clients we have had the pleasure of working with this year. It has been an exciting and successful year for us and we are truly grateful that we could have served all our clients excellently
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