KVV Inc. Attorneys

Estate Planning and Wills: A Checklist to Protect Your Family

KVV Inc Attorneys

Published on: 04/03/2025

A will ensures your assets go where intended, your children are cared for, and your estate is managed by someone you trust. Estate planning, including a will, minimizes costs, taxes, and delays for your family. Don't procrastinate; consult a professional to create a valid will, address foreign assets, business continuity, and regularly review it. Choose your executor wisely, plan for minor children, reduce costs, nominate beneficiaries, and ensure liquidity. Crucially, leave an "Important Information" file with all necessary details and discuss it with your family. Protect your loved ones – plan your estate today

Wills and Estates

Sibling Showdown: How One Missing Word in a Will Divided a Family

KVV Inc Attorneys

Published on: 04/03/2025

A poorly drafted will sparked a High Court battle between siblings. A "30-day survivor" clause, intended to simplify inheritance, became the source of contention. The court had to determine if the clause used "and" or "or," drastically altering the inheritance outcome. The judge ruled the will valid, but the costly legal dispute highlights the importance of precise wording in legal documents to avoid family conflict and ensure your wishes are honored.

Wills and Estate Planning