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The death of a family member is never a topic that we like to discuss, however it remains a reality that one needs to prepare for in future, which is key for a smooth transition in the closure and pay-out of deceased estates and inheritances.
Savings Month is here and as we see every July, many South Africans are taking the opportunity to review their savings habits and behaviours. One aspect that’s often overlooked is that your hard-earned savings gains can easily be undone by failing to pay sufficient attention to estate planning.
Most people understand the importance of a will, but many people overlook a very important element; the appointment of an executor. An executor is someone who you nominate to carry out the instructions of your will and help to administer your estate.
The answer to this question is as difficult as the answer to “how long is a piece of string?” But as a rough guide one could say a deceased estate can take anything from five months (which is almost impossible), to several years to finalise.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?