Cecil Kilpin | June 2018 Newsletter

By |2022-01-21T09:48:55+02:00June 8th, 2018|Business, Finance + Economics, Newsletter, Tax|

Estate Plan Review While it makes sense to review one’s estate plan on annual basis there are some key events which should ring a bell for an estate planner to revise their estate plan immediately. The following are some key events: Divorce The Wills Act states that except where expressly otherwise provided, a bequest to a divorced spouse will be deemed revoked if the testator dies within three months of the divorce. This provision is to allow a divorced person a period of three months to amend their Will, after the trauma of a divorce. Should one fail to amend their Will within three months after divorce, the deemed revocation rule will fall away, and the divorced spouse will benefit as indicated in the Will. [...]