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Showing posts from February, 2016

MAKING A WILL PROTECTS YOUR MOST IMPORTANT ACHIEVEMENT IN LIFE

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It is true that a will becomes active after the death of the testator, and you probably imagine yourself  living to a ripe old age before dying, so you feel you don't need to do a will now. You are not alone in that thought, because no one likes to contemplate their own death or that of a loved one, in the same vein no one is immune from aging or dying. However a will is more about protecting your investments, tangible and intangible asset, it is a vital financial management tool you create when your mind is still lucid, and alive, to protect your investment, and beneficiaries when you no longer can.

It is so important that everyone has a will. it gives you peace of mind to know that when you can no longer protect your children, spouse, beneficiaries, and your investment in case of death or incapacitation, they will have an anchor to lean on. There are three criteria that validate a will and all of them are tied to  the clarity of your mind. They include the ability to understand…

HAVING A LAST WILL AND TESTAMENT IS NOT A DEATH SENTENCE

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To begin with, it is important we dispel the misconception, and stigma attached to drawing up a will and testament , especially in our local environment, because some still believe that it something done in anticipation of death, and so if one is not planning to die, will and testament should be far from one's mind, We are here to tell you that it is mere tales by moonlight, having a will and testament does not mean any misfortune will happen to you, it is simply a plan, that takes into consideration your asset, and your loved ones, especially when you are indisposed for any reason whatsoever.

Last will and testament is one of the important tools of estate planning, and in our previous article titled "Let's talk about estate planning part I "  we stated clearly that as long as you have an asset, tangible(landed properties, cars, jewellery e.tc.) or intangible (stocks, shares, pension, gratuity etc.) you must have a plan as to how it should be handled in case you are…