To Will or Not to Will? 

wills-finance-custodian

To Will or Not to Will? 

Planning your estate may be the last thing on your mind, but it could save your dependents from financial difficulty and untold suffering.

 

It is a necessity for individuals to properly plan for the welfare of their loved ones now and in the future.

 

  • A Will is especially crucial if you have loved ones and you care who receives your assets and all you have toiled for, when you are no longer around.

 

  • If you do not have a Will, you allow customs, traditions, third parties etc. to make decisions on the distribution of your assets.

 

  • When you have a Will, you ensure your loved ones will be well taken care of according to your wishes.

 

Requirements  for a Valid Will

  • You must be of sound mind at the time your Will is prepared.

 

  • You must understand the implication of preparing a Will.

 

  • You must understand the nature and extent of the assets you own.

 

  • You must be at least 18 years of age.

 

  • The Will must be signed, dated and witnessed by at least two (2) people.

 

  • The Will  must be registered in the Probate Registry of the High Court.

 

  • A Will can be amended. The amendment, which is called a Codicil, is subject to the same requirements as the original Will.

 

Features of Custodian Will

  • It is a legal instrument that states how the properties/estate/assets of a person[“the Testator”] will be distributed to named Beneficiaries at his/her death.

 

  • Assets include cash in Bank Accounts, Pension or Retirement Savings Account (RSA), Investments,Shares/Securities, Bonds, Land, Properties and other personal possessions.

 

  • The Will does not become operative until the person (Testator)

 

Benefits

  • Gives assurance of your assets being distributed according to your wishes.

 

  • Provides proper record and easy identification of assets by your Will Executors.

 

  • Enables you to appoint a Guardian(s) for Beneficiaries who are minors (below 18 years).

 

  • Reduces family strife and disagreements.

 

  • Preserves your wealth through generations.

 

  • Your Will would be considered above native laws, customs, religion and tradition.

 

  • Your Will can be updated to include any newly acquired assets or Beneficiaries in a codicil.

 

Planning on Leaving a Legacy?  Contact Us Today.

 

Why Custodian Trustees?

  • We are licensed by the Securities and Exchange Commission to provide Trusteeship services.

 

  • We are a member of the Custodian Group comprising CrusaderSterling Pensions Limited, Custodian Life Assurance Limited, Custodian and Allied Insurance Limited.

 

  • Our highly efficient and seamless service ensures your named Beneficiaries get what is due to them.

 

  • We provide a bouquet of innovative Trust Products such as Education Trust,Private Investment Trust, and Company Secretarial Services.
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