Reaffirming Intentions When Drafting a Will
Those of us involved in estates generally, and certainly those in estate litigation, know that ultimately what we do is record a person’s intention. A person’s intention is what is most important when talking about their estate and the transfer of wealth. We hear it again and again with respect to joint assets – whether they are real estate or bank accounts – intention is what determines how the asset passes and who owns it at the end of the day and, it has now become best practice for drafting lawyers to ask questions about jointly held assets. This has become part of everyday practice. Continue reading “Reaffirming Intentions When Drafting a Will”
Managing Big While Young – The Old Adage that Still Makes Sense
Picture yourself between the ages of 19-22, you are young, full of energy and you feel like you have your whole life in front of you – you’re ready to conquer whatever life has in store. Now picture yourself at that age, except this time, you are signing a contract which will earn you millions of dollars per year. Welcome to the life of a professional athlete. Continue reading “Managing Big While Young – The Old Adage that Still Makes Sense”
Traditional Words in a Changing World; National Day against Homophobia and Transgenderedphobia is May 17th
When you were drafting your last will, did you use the words “son” or “daughter” to describe the relationship? Is it necessary to be using words of description anymore? What if the description no longer applies by the time the testator dies?
We have learned to be careful when it comes to describing the wife/husband or spouse relationship, but what if the person described as a son then has a sex change and becomes a daughter? Continue reading “Traditional Words in a Changing World”