Just like when you are alive, you can protect your loved ones even when you are no longer around.
- Leaving your loved ones with debt when you are no longer around to cover it adds to the pain your family goes through when you pass on. This is especially important when looking at house, education, health and car instalments.
- Life protector cover: When taking credit (loan, car finance, house finance), it’s important to also take a life protector cover with that contract. This means in case you pass on; the loan is paid in full. It’s not too late to add this protection even you have had your credit for a while.
- Importance of a Will. Avoid family fights over your assets, rather ensure that your assets are allocated accordingly.
- Appointing an executor or trustee to oversee the carrying out of your will
- Appointing someone to perform guardian duties for your kids
- Specify how you would like your funeral to be carried out.
- Don’t just write a letter and give to your aunt, its preferred if you approach an expert in crafting a will. Lawyer, will specialist or a bank consultant.
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