Read on Twitter
I really wish people understood Estate law for their country.
Bermuda, lean in. If you die without a Will you’re dying intestate and by default your assets are split by the laws of the land. At the moment half to your spouse (if you have one), half to your kids (if you have any)
Bermuda, lean in. If you die without a Will you’re dying intestate and by default your assets are split by the laws of the land. At the moment half to your spouse (if you have one), half to your kids (if you have any)
The law goes on to specify who gets what (& in what portions) if you don’t have a spouse or child that survives you.
But here’s the thing. EVEN if you have a Will THEN get married, that Will is null & void.
You’d have to create a new one after your marriage for it to be valid.
But here’s the thing. EVEN if you have a Will THEN get married, that Will is null & void.
You’d have to create a new one after your marriage for it to be valid.
I’m sharing this because
1) Many people don’t know or think about this & then the people they care about are screwed in their death.
2) By “trade” I’m a certified trust & estate practioner & that designation will never go to waste, mmkay
1) Many people don’t know or think about this & then the people they care about are screwed in their death.
2) By “trade” I’m a certified trust & estate practioner & that designation will never go to waste, mmkay
It’s important for us to think about these things because the one thing promised to every single one of us the day that we take our first breath is that one day, we’ll take our last.
Bob Marley, Nipsey, Aretha, Prince & many more died without a Will.
We must do better.
Bob Marley, Nipsey, Aretha, Prince & many more died without a Will.
We must do better.
I’ll conclude this by saying the laws of the land may work well for you.
Many though don’t have healthy relationships with spouses / kids / parents — all of which, can have a right on your assets at death.
Also LGBTQ+ community is often left out of the laws & wills are helpful
Many though don’t have healthy relationships with spouses / kids / parents — all of which, can have a right on your assets at death.
Also LGBTQ+ community is often left out of the laws & wills are helpful
