When was the last time you reviewed your nominated beneficiaries? This is one of those things that we don’t really give much thought to.
Certain life events such as marriage, or the birth of a child, often come and go without us giving any thought to who would benefit from our Financial Planning. Forgetting to update a policy or plan could unintentionally create hardship for your loved ones.
An alarming number of South Africans do not have a will, despite owning property and other assets which will need to be accounted for and disbursed in the event of their death. If you haven’t drafted a will yet, consider the inconvenience and financial impact this could have on your family if you should die intestate. Months or years of frozen assets and an arduous legal process are just some of the problems your family could face at a time when they will be struggling with your loss. Continue reading
Over the ages, people from every country on earth have wondered what happens when life ends. No matter what your beliefs, one thing is certain: as unfortunate as the death of a loved one is, if estate planning has taken place the burden on those left behind will certainly be minimised. Continue reading
For many of us, the subject of making a Will may be a sensitive one. Despite frequent reminders from relatives, family lawyers and public announcements, as many as 70% of South Africans have not yet drawn up a Will.
For some people, the idea of writing a Will is unpleasant because it confirms an uncomfortable fact: none of us will live forever. While nobody wants to spend their time contemplating their own death, taking the time to write a Will is a way of ensuring that your family will be looked after in the event of your death – a good reason for any of us to write one.
A popular reason given by people who are reluctant to write a Will is that the state will divide their possessions amongst their family anyway. There is some truth in this belief, but the way in which the state divides your assets if you die intestate, may not be to your liking or in accordance with your wishes. Continue reading