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Q: What happens to an inheritance if the asset no longer exists? A: It simply fails. A Will only takes effect upon death. Until then,
One of the greatest but often overlooked threats to family businesses is sibling rivalry. While the founder is alive and actively leading the business, decisions
A. If you have not planned for your absence, then its not guaranteed. In many family businesses, the founder is the everything, the CEO, Chairman, Director
Q: Does an Ex-Wife Have a Claim Against Her Former Husband’s Estate? A: Maybe. One may assume that divorce permanently severs all financial ties between
Q: Is the Firstborn Son Entitled to a Larger Inheritance? A: No. In many cultural settings in Kenya, the firstborn son is expected to assume
Q: Is equal inheritance for your children really fair? A: Not always. Leaving equal shares to your children often feels like the fairest choice, and
Q. How can you protect a child from mismanaging their inheritance? A. Too often we’ve seen children inherit significant wealth and it disappears seemingly overnight.
Q: Does Marriage disinherit a daughter? A. No it does not. Many people still believe that once a daughter gets married, she loses the right
When most people hear the term “Estate,” they think of vast wealth and high-value assets. People rarely think of that small “shamba” upcountry or that
In the unfortunate demise of an individual, there are various rights that accrue to different persons depending on the relationship between that person and the deceased. For example, wives and children of the deceased will be considered ‘automatic’ beneficiaries/heirs of the deceased and they will not need to prove their dependency on the deceased. This is contrasted to persons like parents of the deceased whose beneficiary status is not automatic, that is, they have to prove their dependency on the deceased immediately before his/her demise. Because of the ‘automatic’ status of the wife/wives and children of the deceased, it is usually assumed that their rights over the property of the deceased are superior to the rights of any other potential beneficiary.
