Wills, Trust & Estate Attorneys in Barbados and Beyond
Estate Planning is the type of planning that everyone needs.
At OPALUS Legal, we work with you to ensure that you fully understand all the options available to you as you make decisions about the legacy you plan to leave your family and loved ones. We help you to create comprehensive estate plans to protect your assets, transfer your wealth and ensure that your last wishes are properly executed.
At OPALUS Legal, we also help assist business owners to structure and develop succession plans for their family owned businesses.
Our services include, but are not limited to the following:
- Estate Planning
- Probate and Estate Administration
- Trusts
- Advising Executors, Administrators and Trustees
- Guardianship of Minors
- Receivership
- Powers of Attorney
- Trust and Estate Litigation
- Succession Planning for Family Businesses
Questions? Here’s our top estate planning FAQs:
1. What is Estate Planning? Why do I need a Plan?
Estate planning arranges for the management and transfer of your estate assets during your life, as well as after your death. A will is part of an estate plan. Depending on the size and complexity of the estate, an estate planner may use other asset planning vehicles such as trusts, private foundations, businesses and/or life insurances.
Estate planning allows you to decide who will benefit from your estate while protecting your assets from unintended recipients.
2. What happens if I die without making a valid will?
If you die without making a valid Will, your assets will be distributed in accordance with the laws of intestacy under the Succession Act, Cap. 249 of the Laws of Barbados.
3. Will my beneficiaries’ inheritance be taxed?
No. Inheritance tax or gift tax do not exist in Barbados.
