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Showing posts with label WILL. Show all posts
Showing posts with label WILL. Show all posts

Thursday, 8 September 2016

ACQUISITION OF PROPERTY POST EXECUTION OF A WILL

Perchstone & Graeys states that one of the foremost desires of most property owners is to be able to decide the manner in which their real and personal property will be disposed upon their passing. To achieve this people are advised to prepare a Will as early as possible; while they are both physically and mentally able to. By so doing they are afforded the opportunity of achieving a positive demonstration of their succession wishes. Where the property owner has made a Will, his Executors need only obtain a grant ofprobate; legally authorizing them to distribute the testator's property and give effect to carry out his other wishes relevant to his estate.
Oftentimes after a testator has prepared his Will however, what he goes on to do, deliberately or otherwise, is to accumulate more wealth; properties and other items of value.