What is a will summary?

A will, also called a last will and testament, is a legally enforceable declaration of how a person wants his or her property and assets distributed after death. A will can serve other purposes. For example, a person can recommend a guardian to care for surviving minor children or state preferences for their funeral.

 

How long does probate take in the Bahamas?

4-6 months

How long does probate take in The Bahamas? Probate typically takes 4-6 months to complete from the date of submission of the application, depending on your estate's complexity. However, it can take up to two years or more if you have complicated assets or significant debts.

 

How much does probate cost in the Bahamas?

$2,500.00

Legal fees start at $2,500.00 but are based upon the value of the assets in The Bahamas.

 

What is the purpose of will?

What Does a Will Do? A will provides for the distribution of certain property owned by you at the time of your death, and generally you may dispose of such property in any manner you choose.

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What are the 7 steps in the estate planning process?

Get a head-start on planning and follow these 7 easy steps:

• Take Inventory of Your Estate. First, narrow down what belongs to you. ...

• Set a Will in Place. ...

• Form a Trust. ...

• Consider Your Healthcare Options. ...

• Opt for Life Insurance. ...

• Store All Important Documents in One Place. ...

• A Representative will begin and manage the Process

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