Bricksdale Legal

09/11/2017

Forming a Limited Liability Company

The name of a proposed company with limited liability must include the word ‘Limited’ or ‘Ltd.’ and be approved by the Registrar of Companies in advance. The Companies Act requires the preparation and registration of Articles of Incorporation which are the constitutional instruments of the company together with other statutory forms. Thereafter the Registrar of Companies issues a Certificate of Incorporation.

08/11/2017

Limited Liability Company

Where a company is limited by shares, the liability of each shareholder for debts or expenses (in the event of winding up) will be limited to the unpaid amount on his shares (since unpaid shares are not permitted for new companies, this is not significant). Former members who have not been members for more than one year are excluded from liability.

07/11/2017

Calling all Entrepreneurs

Incorporation of a Company-

An incorporated company is a legal entity separate and distinct from its members. A company has perpetual succession, the ability to enter into contracts, the ability to sue and be sued, and both criminal and civil liability.

Is this the right option for you?

06/11/2017

Here are some Myths about Estate Planning, particularly Wills and Probate!

1) Estate planning is just for the wealthy.
2) I'm too young for estate planning.
3) If I pass away without a will, the state will get my assets.
4) If I have a will, I don't have to worry about probate.
5) I need a lawyer to draft these documents.
6) I don't need a lawyer at all.
7) It takes years to probate (family fights, large estates, ongoing income).
8) I don’t have to leave anything to my spouse (get legal advice to guide against changing minds).
9) As the oldest I am entitled to be executor.
10) Making a Will is forever.
11) Making a Will is expensive and complicated.

03/11/2017

Grants of Representation

Application to Probate Registry of the Supreme Court of Judicature of Trinidad and Tobago must include;

An application for the grant made by an Attorney at Law (where the value of the estate exceeds TT $4800.00)
An affidavit of the executors to include:
Name, Address, Occupation;
Name, Address and Occupation of testator at the time of death and date and place of death;
A description of the Will and other documents accompanying it;
The oath of the executor to administer the estate honestly and fairly;
A statement of the gross value of the estate;
Certified copy of the death certificate of the testator;
Original Will of testator;
Affidavit of an original witness to the Will;
Inventory of assets of the testator and value thereof at death.

You must make an application for a Grant regardless of whether the deceased left a will or not. Once these documents are filed the application is advertised in a daily newspaper and T & T Gazette. If there is no objection, the Grant will be issued.

02/11/2017

Intestacy

If the deceased died without a Will, there is a set legal formula for distributing assets to beneficiaries, which is called the ‘rules of intestacy’.

01/11/2017

What is a Will?

A will or testament is a legal document by which a person, the testator, expresses their wishes as to how their property is to be distributed at death, and names one or more persons, the executor, to manage the estate until its final distribution.

31/10/2017

Here are some points for you to consider when deciding on whether or not to make a Will!

The Easy Questions

1. Decide What Property to Include in Your Will- If Married Each Spouse would require a Will;
2. Decide who will Inherit- Choose your Primary Inheritors but also Designate Alternatives;
3. Choose an executor to handle your Estate- This should be someone willing to serve and it should come as no surprise to them. You should also decide if this person would receive compensation;
4. Choose a Guardian for your Children;
5. Choose Someone to Manage Children’s Property – A Guardian, Custodian or Trustee;
6. Decide to Draft your Will – Are you of Sound Mind? Are you Being Forced to take this Step?;
7. Draft your Will. If there is more you want to say, attach a letter to the Will;
8. Execute your Will in front of Witnesses;
9. Store your Will safely;
10. Think about needing a Power of Attorney or a Living Will;
11. Update/ Review your Will- Consider every four – five years as a guide.

29/10/2017

It was our honour to give back to the membership of Their Eduction Committee is rolling out some wonderful initiatives to inform, educate and support their membership!

We were so lucky to have been asked to present at their Wills and Probate Seminar yesterday!

Planning for the future, for your loved ones is one of the most selfless acts you can do! Be organized and fact check yourself! Seek advice where necessary and put pen to paper to ensure that your assets are distributed in line with your wishes! Look out for some tips from us this week on Estate Planning!

Thank you to La Cantina for your wonderful venue for this event and thank you to the CECU membership for your participation!

27/10/2017

We are so pleased to be attending this Wills & Probate Seminar being offered by Canning's Employees' Credit Union ! What an amazing initiative to Inform and Educate and Support their Membership Base!

Planning for the future can be daunting but remember that whatever you have means something to someone! Let it be handed over based on your wishes!

Looking forward to interacting with you all tomorrow!

October 28th, we will be hosting our Wills & Probates seminar at La Cantina Pizzeria, from 9am to midday. Please call us on 709-1969 to register your interest!

02/09/2017

It's here! Legal meets Networking! Looking forward to participating in Connect With Confidence today at the Space, Barataria!

We are going to be talking you through Entrepreneurship, New Business Ventures and Choosing your Business Model!

Did you know many people start their own business out of a desire for autonomy, power and self-confidence? We all possess the ability to be a self starter!

Looking forward to connecting with you soon!

The Bricksdale Team!

31/08/2017

Happy Independence Day Trinidad & Tobago!


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