Page 36 - Waterfall City_Issue 10_2022
P. 36

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.


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