Succession law explained
Your Estate consists of the assets that you are able to give to beneficiaries using a Will. Generally speaking these include assets that you own in your own name and those owned as “tenants in common”. (Where each owner has a separate interest that may be passed to specified beneficiaries. Property owned as a joint …
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Pablo Picasso died in April of 1973 at the age of 91 with an estate including assets estimated to be valued somewhere between $100 million and $260 million. Surprisingly he left no Will, and it took over 6 years and $30million to settle the estate. Shortly before his death French Inheritance laws changed permitting illegitimate …
Continue reading "Pablo Picasso …was probably called an asshole"
A Will is a document setting out how you wish your assets to be distributed after your death. Originally the document that was used to distribute your personal property(clothing, furniture, and money) was known as a Testament, and the document disposing of real property (House and land) was known as a Will. Overtime both of …
Continue reading "Why everyone needs a Will – especially you!"