I’ve had a meeting with a law firm now and I agree. It’s massively complicated.Original Post Deleted
I’ve had a meeting with a law firm now and I agree. It’s massively complicated.Original Post Deleted
The guardianship forms are easy to get done.
FAQ and links are here:
Family CLIC - CHILD AND YOUTH AFFAIRS - Children's protection and welfare - Custody of children and guardianship
I just had my will drafted back home and while they indicated that I should still double check with a local lawyer that the wording is applicable as internationally it should be ok (I'm from Canada). She also said that each subsequent will that I get written for where I am domiciled updates to each will maybe necessary to avoid it was conflicting with each other. It wasn't as painful to be honest - I guess mainly because the bulk of my assets are still at "home". Now I just need to buy a fireproof safe or get a safety deposit box
I don't understand... if it is needlessly complicated and so bad that you walk away from it, then isn't it possible and better than nothing to just have a notarized informal letter making some basic statement listing what assets you have and some basic directions of how it should be split if there are multiple intended heirs?
You never know when you will spontaneously combust -- death can come unexpectedly, so having something in hand is better than nothing. And if/when you reach that point that it's worthwhile to meticulously organize assets for certain tax benefits, etc., then you can do that later in life when you're settled and closer to that point.
Disclaimer: All my legal knowledge of wills comes from Bleak House.
My wife and I wrote HK wills a few years ago (paid about 6-8k to a lawyer). We need to amend them because our son has reached the age of majority and we have sold some property. The lawyer says the only way is to write new wills, which would cost another 6-8k, I guess.
Instead, I am considering using the old will language, amending it, and writing new wills with two witnesses. I think I can use the old legalese to form the basis of the new wills. What is the downside to this approach?
Yes you can. A will does not have to be done through a lawyer.Instead, I am considering using the old will language, amending it, and writing new wills with two witnesses. I think I can use the old legalese to form the basis of the new wills. What is the downside to this approach?
The only downside I can think of is if the will is lost and a law society search is done - it could result in the old will.
Have you asked a local firm to make the change for you?
(Not sure why there should be a change though, the will should have two conditions - if he/she is below 18 and if he/she is above 18 in it.)
Sure, in the days of computers, printing out a whole new will is no big deal, codicils are a holdover from the ancient times of handwritten and later, typed, wills.
But crazy to have to spend the whole amount again for updating...which reminds me to update my will, my mother is still my executrix even though my "kid" is now 30...