26 May Argentine Testaments Wills
Argentine Testaments & Wills
As a matter of fact, a last will is a legal instrument that enables you to carry out several tasks.
For example, choose who will get your property after your death. Also, choose how your property will be divided among your various beneficiaries. Give specific items of property to specific people. Appoint someone you trust to administer your estate. Appoint a guardian for your minor children.
If you die without a Will, your property will be distributed by a court-appointed administrator according to statutory plans for “intestate succession.” Your property will be divided among your surviving spouse, children, and possibly other relatives in whatever manner the law of your jurisdiction specifies. You will not have a chance to give property to non-relatives or to exclude relatives. Additionally, if you have no relatives, your property will go to the Argentine government rather than to a friend or charity of your choice.
Make sure you review your Will from time to time to ensure that it still meets your needs and that your property will be distributed according to your wishes. You should consider writing a new Will on the following events:
- You get married or divorced (a change in marital status may void your old Will);
- If you are single but have a new partner;
- The amount of money and property you own changes significantly;
- You move to another state (not all jurisdictions recognize foreign Wills as valid);
- Your executor or a significant beneficiary in your Will dies;
- There is a birth or adoption of a child in your family;
- You change your mind about the provisions in your will