Friday, March 24, 2017

Challenging a Will – When Can You Do It?

There are situations when a will can be contested. If you are one of the surviving family members who is included in the will, you can hire estate Litigation Lawyers in Vancouver such as Lakes, Whyte LLP in order to help you out in contesting a will.
Generally, here are the times when you can challenge the contents of a will:
  1. When the testator is not mentally capable.
The law states that the testator or the one who made the will must be in a competent state of mind during the making of the will. If it is proven that the testator lacks the mental capacity as in the case of people with dementia, Alzheimer’s disease or similar degenerative ailments, the will can be contested.
  1. When the testator has been coerced.
This is called undue influence. It basically means if the testator is pressured or influenced by another person to create the will and make sure its contents will be in their favor, the will can be contested.
  1. When the will failed to follow the formalities stipulated by the law.
Before a will can become valid, it needs to have the signature of the testator and to unrelated witnesses. If this was not done, the will can be contested.
  1. When there are dishonesty issues with the trustee.
If the appointed trustee has a debt to the beneficiaries or the people included in the will and there are issues of dishonesty, the will can be contested.
Consulting litigation lawyers in Vancouver is the first step towards determining if you have a sound case for contesting the will.
To know more about Employment Lawyers in Vancouver please visit our website: lakeswhyte.com

3 Frequently Asked Questions About Mortgage Refinancing

When you are stuck in a rut and unable to pay your mortgage, one of the ways you can avoid getting in a deeper debt is to refinance your mortgage. Here are some frequently asked questions about mortgage refinancing and the answers that can help you decide:
  1. When is the best time to refinance my mortgage?
Not all mortgage debt cases can be solved by mortgage refinancing. What you should do is determine the break-even time of the mortgage refinance. For instance, if it will require 30 months for you to break even, you need about $3,000 in closing costs so you have about $100 in savings every month. If you don’t have plans of staying in the house a lot less than your break-even time, refinancing might not be the best option. It also helps to identify the types of refinancing there is today so you know what your options are.
  1. Do you need a real estate lawyer in North Vancouver for mortgage refinancing?
A simple refinancing transaction might not require a lawyer but having a Real Estate Lawyer in North Vancouver BC go through the documents can prevent you from signing up to a scrupulous deal. You might also want to retain the services of a law firm such as Lakes, Whyte LLP if there are issues with the property or if there are problems to your previous mortgage such as mis-indexed mortgage.
  1. How do I get a good mortgage rate?
Before getting refinancing, improve your credit score first. Pay as much debt as you can and find ways to boost your home’s equity such as making home improvements.
Mortgage refinancing requires careful consideration. Keep these things in mind when deciding to refinance.
To know more about Litigation Lawyers in Vancouver please visit our website: lakeswhyte.com
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