During their lifetime, individuals may choose to have a last will and testament drawn up by a notary or opt not to do so. This decision becomes relevant upon their death, as either the will or the law will dictate the settlement of the estate. The will specifies important details such as who the heirs are, any disinherited individuals, and who is authorized to settle the estate. Additionally, the will may include specific bequests or instructions.
If the deceased has appointed an executor in the will, they are generally responsible for settling the estate. The will often outlines the duties of the executor and any restrictions on their actions. Both the executor and the heirs are typically bound by these provisions. It’s important to note that heirs have the option to decline the inheritance, and in some cases, may need to submit a declaration to the Court to renounce the inheritance.
Our experienced team is here to provide guidance and support in estate planning, will drafting, and estate settlement matters. Contact us today to schedule a consultation and ensure that your estate affairs are handled with care and precision.
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