Common Mistakes to Avoid When Writing a Will

Carpenter? Check. Electrician? Check. Legal counsel? No check. The average Nigerian has professionals on speed dial for emergencies in daily living. Unfortunately, this life-saving practice is not usually carried on to other weighty matters. Contrary to popular belief, the ability to read and write does not translate to an automatic understanding of legal documentation. Just […]

Risky Methods Of Wealth Preservation And Transfer

Wealth preservation: In today’s fast-paced world, some people still use typewriters while others have embraced modern computers. Similarly, when it comes to preserving and transferring wealth, some stick to outdated methods, unaware of more effective alternatives. One of such more effective means is a Trust arrangement but before we get into that, let’s explore two […]

When Is The Right Time To Write A Will?

When is the right time to write a will? Here’s a hint, long before disaster. Not when you’re old, not when you’re at the departure wing of life, if anything you should do it when you’re healthy and strong. Sadly, what obtains in our society is an apathy towards estate planning, with many seeing it […]

How Property Is Distributed When The Owner Did Not Make A Will

So, the unthinkable happened and the unfortunate preceded it. A common tale with an all-too-common end in this part of the world. Our people, for a host of reasons, have a negative attitude towards will making and usually don’t leave anything written behind especially about property. However, since it’s so common it does beg the […]

What you should know about Testamentary Will

A Will is a legal document containing the wishes of the maker with respect to how assets belonging to the maker devolve to certain people known as beneficiaries and/or how the assets should be used for the achievement of certain objectives. A Will is Testamentary because its takes effect after the death of the maker […]