NEXT month officially marks National Estate Planning Month. There are no guarantees in life, however, being prepared for one of its unavoidable events like death makes a difficult experience more manageable for those left behind.
Discovery Life head of legal services Harry Joffe says this preparation comes down to two things: estate planning and having an up-to-date, valid will in place.
He says according to 2022 statistics from the Master of the High Court, only 15% of South Africans have a valid will.
Estate planning which ensures your affairs can be easily wound up when you pass away also looks different depending on your family make-up, he says.
A lot has been written and said about how to protect your children, spouses, and family, and I feel that a lot is not being explained about how unmarried couples can navigate estate planning.
