Estate planning is the process of structuring ones assets during ones lifetime to ensure that they are preserved and legally protected and that, in the event of death, those assets are transferred expediently and intentionally to successive generations. Its a serious exercise that everyone with assets should undertake although, sadly, many people fail to do so.
Here, we explore some important facts about estate planning to encourage more people to put estate plans in place.
1. Dying intestate is traumatic for those left behind
If more people understood the turmoil, anxiety and uncertainty experienced by the loved ones of a person who has died intestate, more people would put wills in place. There are so many potential unintended consequ…
Read the full article at: https://www.moneyweb.co.za/financial-advisor-views/10-things-to-know-about-estate-planning/