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Having a valid will in place is one of the most important things you can do for yourself and your family. A will can legally protect your spouse, children, and assets, as well as spell-out exactly how you would like things handled once you have passed on.
Many people are often tempted to either draw up their own will or to change an existing will themselves, without the help of a skilled professional. However, there are many pitfalls ready to trap the unwary should you follow this route.
The Savvy Investor’s Pocket Guide is a self-improvement guide that identifies the common mistakes people make when dealing with their finances and sets out how to rectify them. It highlights how one can achieve financial independence by cutting back on some expenses, like luxury cars, and the benefits of starting to save as young as possible.
This year, nearly one in five married South Africans will make the decision to start afresh and get a divorce. As you put your life back together after a relationship split don’t get distracted from updating your Will to reflect your new status.
The thing with resolutions is we all make them, and we all break them. But it needn’t be so. The trick is you must look back to go forward, especially with the inevitable New Year’s resolutions. Taking stock of your previous year’s achievements, failings, and surprises helps sort out what it is you want to accomplish in the coming year. Focus on the specifics.
A trust is a legal arrangement, where assets are held by one party (the trustee) for the benefit of another (beneficiary) as instructed by the owner (trustor/settlor). Recently many people have started to question the usefulness of trusts, given that the tax benefits afforded to trusts in the past, have eroded over time.
We live in a society of instant gratification. Google and Uber have become verbs – showing how accessible it has become to find information instantaneously and get a taxi to your doorstep in minutes. Click for takeaway food. Download a movie. Shop online. We post or tweet and are instantly heard by hundreds or even thousands of people.
Your will is one of the most important documents on which you ever have to place your signature. It is your last wishes on earth and the document that determines how your assets should be divided, nominates an executor and trustee to take care of the division of the estate's assets and to handle the administration of any trust assets.
For most people the words 'death' and 'marriage' do not belong together in the same conversation. The last thing on people’s minds when they get married and enter into an ante-nuptial contract is death – the focus is usually around possible divorce. Likewise, when planning the affairs around our demise, very few of us would be thinking about marriage.