#asset-distribution

#asset-distribution

Creating a will is essential to ensure clear distribution of assets and reduce family disputes after death.

A living trust provides significant advantages over a will, especially for diverse family units seeking privacy and control over asset distribution.

A Binding Financial Agreement (BFA) does not automatically override a will.

BFAs govern property division during separation, while wills distribute assets upon death.

Conflicts between a BFA and a will may lead to legal challenges.

Proper estate planning ensures both documents work together harmoniously.

Seeking legal advice can help avoid unintended consequences.