There is a critical difference between a godparent and a legal guardian and getting the two confused could have very serious and unintended consequences for your child or you.
Tag - estate planning
It is officially National Wills Week. Wills can get quite tricky – there are several common mistakes that are made when drafting a Will that can have a serious impact on your wishes.
In a world where the meaning of romantic partnerships is potentially evolving, what is the ‘other woman’ entitled to in the event of her significant other’s death?
Changes to the taxation of estates could leave a surviving spouse with a hefty tax bill.
Buying insurance, and drafting and updating your Will, can be put next to each other on the list of things that we don’t really want to do, and often put off doing.
Trusts are very effective estate planning tools, but care should be taken to ensure that they are used appropriately.
Watch Episode 16 of the Change in your Pocket series for a detailed explanation of the various marriage contracts.
A business needs to prepare for the event of one or more of the partners dying or becoming disabled. Putting a buy and sell agreement in place can ensure a smooth transfer of shareholding between partners.
Most people draft a will because they want to avoid inheritance battles, but these common mistakes can fuel more family feuds.
If you have invested offshore, you may need a foreign will to deal with your foreign assets on your death.