Page 36 - Waterfall City_Issue 10_2022

Waterfall City News

“By failing to prepare,
you are preparing to fail.”
– Benjamin Franklin

• Where are all the documents give consideration to finer details as beneficiaries of your estate. The end
required to carry out your final well. For example, what is your wish result could be very different to what
wishes stored? There may be quite regarding your remains? Many people you would have chosen while alive.
a lot, for example passports, driver’s simply mention cremation, but is This drawn-out process can be so easily
licences, firearm licences, updated there a clear understanding of what avoided by simply drawing up a valid
tax returns, marriage certificates, should be done with your ashes? There will.
divorce orders (in the case of any are so many options available, and
previous marriages), store cards, understanding your wishes and having While estate planning can be daunting,
loyalty rewards/programmes, social clarity on the details will make very engaging with your trusted financial
media accounts, memberships, car difficult decisions slightly easier during adviser will make the process a lot
registration documents, and property a very traumatic time. easier.
title deeds.
The consequences of neglect A thorough and well-considered estate
It is also very important to make sure If you die without a will, South plan is an important and everlasting
that your family members are aware African law of intestate succession gift you can give your family and loved
of your wishes, and it is important to will determine the distribution and ones.

34 Waterfall City Issue 10 2022