Getz Collins and Associates’ Post

I am sad to hear about the passing of another family member (the third in two weeks). With each death, I hoped that my relative had a Will & Testament.  A will and testament is a legal document you put in place to ensure your assets are distributed according to your wishes and to make things easier for loved ones after you pass. Consulting with a lawyer or estate planner can help ensure your Will is legally binding and covers all the necessary details to avoid any confusion or disputes among beneficiaries. People don't think they have much; however, things like KiwiSaver are often not factored into people's thoughts. Did you know that Public Trust research shows half of New Zealand adults do not have a will? Here is a Sorted link to get you on the journey of having your own Will and testament. https://lnkd.in/gScABCJe

The difference between a real estate agent appraisal and a valuation from a property valuer in the context of a divorce or separation can be significant. Here's a detailed comparison and guidance on when to use each: Real Estate Agent Appraisal - Purpose: A real estate agent appraisal is typically used to estimate the market value of a property for listing purposes.

Having a last will and testament in place ensures your property will be distributed in accordance with your wishes when you pass away. However, you might be wondering what happens to property when there is no will. Continue reading it here to know: https://zurl.co/uwAw

For example, Texas considers property purchased during marriage, community property, with no exception to legal separation. Common law marriage is not relevant to community property law, except in Texas. In Texas, common property law only applies to formal marriages. However, some property rights may be derived from long-term cohabitation, especially if it resembles a traditional marriage. #TexasLaw #CommunityProperty #MarriageLaw #CommonLawMarriage #RealEstateInTexas #PropertyRights #LegalSeparation #Cohabitation #FamilyLaw #TexasRealEstate #MaritalProperty #LegalAdvice #MarriageAndProperty #UnderstandingLaw #TexasFamilies Contact us for more info on how we can provide you with a successful home purchase, refinance or home equity loan

Concerned about your adult child's inheritance in a potential divorce? A trust can be a game-changer. Let us help you create this important tool that will safeguard their funds, so they never walk out the door with an ex-in-law!

❔ Did you know? Under the Property (Relationships) Act 1976 each partner in a marriage, civil union partnership or de facto arrangement is presumed to have contributed equally to the relationship. This means on separation or death there should be an equal division of assets in the relationship property pool. But what happens to trust property when a separation occurs? The Ministry of Justice estimates there are currently between 300,000 and 500,000 trusts in Aoteraoa/New Zealand. "The legislation is quite nuanced when it comes to trust property and separation," Shine's Special Counsel Clinton Light said. "There are certain instances where one party can make a legitimate claim to have a property be returned to the relationship pool even if it was owned by the other party, so it's really important to seek advice on these matters." To find out more about how separations can impact trust properties, check out our blog here: https://lnkd.in/gvfSnjrz #separation #assets #property #relationship #breakup #divorce #finances #rightwrong

LexisNexis Canada Inc. has published the 2024 reissue of Halsbury's Laws of Canada – Wills and Estates. Demographic trends in Canadian society mean that faced with an ageing clientele, lawyers are increasingly required to have a working appreciation of wills and estate issues. More and more, clients seek a contextual understanding of the testamentary implications of marriage, divorce, real estate transactions, and the acquisition or disposal of assets in wide-ranging legal contexts. Newly revised and thoroughly updated, Halsbury's Wills and Estates (2024 Reissue) provides that understanding, systematically covering topics such as; the general framework of testamentary disposition, Interpreting testamentary instruments, and the duties and powers of executors and administrators Dealing with residue along with many more topics. Get it today: https://lnkd.in/gZEMhUbP #HullonEstates #HalsburyLawsofCanada #WillsandEstates #lawbooks

How is property split in a Divorce UK? Contrary to popular belief, there is no formula for working out how assets should be divided in a Divorce. The current law in England and Wales is discretionary meaning the court can take both parties' needs into account and vary the division of assets based on this. Every case is different. If you have any more questions or need assistance with your Divorce, feel free to call on 0208 5472583 or click below to book your FREE Discovery call; https://lnkd.in/edcurubJ #Divorce #Property #LegalAdvice #Separation

Questions about property division in Colorado? We have answers! Check out our latest blog post! #northerncoloradofamilylawyers #coloradofamilylaw #fortcollinsfamilylawyers #propertydivision

#RealEstateVocabulary can sometimes be confusing and so I thought I would give you definitions for some of the most common words we use. Today, I am introducing: Partition Action A California partition action happens when one co-owner of real property wants to sell but other co-owners do not want to sell their ownership rights. Partition means division. The opposing co-owners have the absolute right by law to divide the property and sell their portion with the legal remedy of “Partition”. -- I love to work closely with my clients in the sale and/or purchase of their home. I am committed to providing quality service and building lasting relationships. Whether you are buying or selling a home, I have your best interest in mind and I am at the forefront of every transaction. So if you have any real estate questions, I’m here for You. My specialties include trust, probate, conservatorship, and divorce in the Bay area. Yun Tong Realtor | YunTong Homes Golden Gate Sotheby's Realty 📱 (415) 686-0200 Direct 📧 yun@YunTongHomes.com www.YunTongHomes.com #BayAreaRealEstate #Realtor #RealEstate #EastBayRealEstate #YunTongHomes #realtorlife #realestateagent #realestateteam #goldengatesothebysinternationalrealty #goldengatesothebys #CARealEstate #CaliforniaRealEstate