While joint wills are prohibited in the Philippines, couples have alternative options to effectively execute their last will and testament. Separate wills, mutual wills, and trusts are recognized under Philippine law and can provide couples with the flexibility to express their individual wishes and preferences for the distribution of their assets after their deaths.
Tag Archives: estate plan
Inheritance Wars: Understanding the Intricacies of Family Disputes in Estate Matters
Inheritance disputes can arise for various reasons, and they can have a profound impact on family relationships and financial well-being. In this article, we will explore the complexities of why families fight over inheritance and provide insights into how such disputes can be prevented or resolved.
What is an Estate Planning Attorney?
An estate planning attorney is among several professionals (tax advisors, financial planners, and life insurance agents, among others) that assist individuals to create estate plans based on their unique situations and concerns.
What is Estate Planning?
Estate planning is a multi-disciplinary endeavor for designing a program for the effective management, enjoyment, and disposition of property – personal and real – of the planner at the least possible tax cost and avoidance of probate.
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