Funeral’s are expensive - Winding up your estate can be even more expensive
DID YOU KNOW?
When you die, everything registered to you is put into your estate. That means your bond, your bank account, your house, your car, that Telkom landline you tried to cancel 50 or so times that they never actually closed. It’s not right to leave your family to fight each other for what to do about the debt and the assets in your estate. Put your will in place, indemnify your estate fees:
More than funeral cover:
This market needed more than funeral cover. When thinking about the costs of dying, most people are aware of the expenses associated with arranging a funeral and an ‘after tears’ remembrance or memorial. However, what most of us do not know the extent of, is the estate-related expenses, such as legal charges and administrative fees, resulting from someone passing away. These can be substantial because executors, attorneys, accountants and other professionals must be involved in winding up a deceased estate and they all cost money. If there are not sufficient funds in the estate, the executor might have to sell assets to cover the shortfall. This is often how a partner or children end up losing their home after a loved one passes away.
There is a drive underway to encourage a new way of thinking about money. It has surprisingly little to do with income and expenses, traditionally the two key considerations. Instead, this approach puts the legacy we are able to leave for our loved ones at the heart of every financial decision.
Lets get you sorted
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