Tuesday, August 27, 2019

International Tax and Estate Planning Discussion Post 6 Coursework

International Tax and Estate Planning Discussion Post 6 - Coursework Example Cassandra should also note that the will has legal binding only when at least two witnesses watch when she is signing the will document. Spenceley (2009) advises that the two witnesses will form a reliable defense should someone contests the will in a legal system. Likewise, she should ensure that the witnesses’ signatures are verified by a public attorney. Furthermore, Cassandra is required to make clear and detailed instructions on how to distribute her properties after her demise. In this particular case, she ought to explain in the will that Aidan should inherit the house with Danika as the trustee. She should also mention the sale and subdivision of the sale amount among the three beneficially. If clear instructions are not available, Spenceley (2009) argues that the properties will be distributed according to the state’s intestacy laws Lastly, Cassandra must appoint a person that she trusts to act as her personal representative or executor of her will. The will must clearly identify the executor who will ensure that the will is executed. The trustee plays a significant role in ensuring that minors and beneficiaries living overseas are taken care of according to the provisions of her

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