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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