Life always seem to get into the way of us doing what we should be doing – like proper planning for the day when we may no longer be here anymore.
We can’t emphasise enough how important it is to have your personal affairs, and especially your financial affairs, up to date and in order. While this may sound a little daunting, it is as simple as keeping all the relevant information in a file big enough to hold all of it.
Include the following in your personal planning file:
Remember that your executor is under an obligation to collect all assets and record all liabilities to report to the Master. It helps if he or she has all these details to work with as easily and conveniently as possible. Proper and comprehensive planning will definitely make a very difficult time for your loved ones easier to handle!
If you need any assistance in getting this planning in order, please call one of our financial advisors.
This article is a general information sheet and should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your financial adviser for specific and detailed advice. Errors and omissions excepted. (E&OE)
FPM Risk and Wealth Management
011 778 9300