This is a crucial, uncomfortable and sensitive topic but it is also unavoidable.
The testament expresses the last will of a person concerning their estate. Who, when , what, how and how much are some of the elements to be considered here.
Know more about this document.
¿What can be inherited?
- Material goods, tangible and real.
- Immovable property (houses, buildings,lots,ranches)
- Movable property (cars, jewerly, art, furniture, tools, equipment)
- Assets (money, shares, precious metals, debt security)
There are of course some simple ways to execute your will, where you can declare “ I inherit all of my goods to…” , but there are other more complicated ways, such as Legacies,Trusts ,Insurances, Litigious rights, etc.
Executor
In order to execute a will, you need to assign an Executor. He or she will administrate and coordinate the distribution of the goods.
In many cases there is a possibility that more than one testament with different instructions exists, however, the only valid document is the last one to be executed and registered in the General Notary Archive, and that overrides all the others.
When a person dies without executing a testament, he dies “intestate”.
When this happens, one must proceed to a Intestamental Trial, in order to be able to grant the goods to the known heirs.
Do not inherit problems and disputes! Do you need help to execute you will?
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