Question
Your new clients, Peter Lee and Karen Low have come to you for some general advice on what to do with their assets and savings
Your new clients, Peter Lee and Karen Low have come to you for some general advice on what to do with their assets and savings in the event of death or relationship breakdown. Peter is also keen to know what might happen to his businesses if he is unable to work.
Required:
1. Prepare a list of the issues raised in this case study that impact on the drafting of a will;
2.Discuss the nature of the advice that you would give to your clients when there are two blended families;
3.Is Peter free to leave any of his children out of the will or would the provisions of the Testators Family Maintenance Act be of concern?
4.Should Peter and Karen have a power of attorney each?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started