Navigating Inheritance Conversations: Turning Tough Talks into Lasting Legacies
“A life of luxury sounds nice, but generational wealth sounds better.” (Unknown) As the old adage goes: “The first generation creates wealth, the second generation preserves wealth, and the third generation squanders it!” Our goal is to prevent this. If you’re fortunate enough to have created generational wealth, it’s extremely important that your heirs know […]
From Vows to Verdicts: What Happens to Your Will After Divorce?
“Divorce is the one human tragedy that reduces everything to cash.” (Rita Mae Brown) Your will is a legal document that spells out how your assets should be distributed when you pass away. This is all well and good when you’re married and you want to leave everything to each other. But what happens when […]
Aligning Your “Wheel of Life” – A Beginner’s Guide
As your wheel of life turns, your financial needs, goals and focuses change. When you start working, you’re absorbed by accumulating assets. Later, as you near retirement, your focus shifts to wealth preservation. And eventually, when you’re settled and comfortable in your golden years, the transfer of wealth becomes your number one priority. It goes […]
Make Sure Your Family is Financially Prepared for When You Pass Away
“Death is the penalty we all pay for the privilege of life.” (Robert Half) We know we can’t escape death. But most of us still do everything we can to ignore or avoid it. The problem is that if we don’t acknowledge our own mortality, we won’t prepare for it. And, unfortunately, that can have […]
Living Wills: A Must Have, Despite the Grey Areas
What is a Living Will? A Living Will is a document describing your preferences for medical treatment if you are terminally ill or injured and are unable to communicate. For instance, you may not want doctors to use artificial breathing equipment or tube feeding to keep you alive while insisting on pain relief at all […]
Why an Endowment is One of the Best Ways to Invest Offshore
We live in a globalised society. Your microwave comes from Korea, your fridge from Germany. Your car is Swedish (although most of its parts are made in China), and your favourite restaurant is Italian. Of course, you’re also proudly South African on a Saturday afternoon when the chops are sizzling on the braai and Siya […]
Does Your Family Need a Constitution?
“All happy families are alike; each unhappy family is unhappy in its own way.” (Leo Tolstoy) What is a family constitution? You may have heard people referring to their Family Constitution, Family Charter or Family Protocol. These are all different ways of describing a document that sets out the rights, values, responsibilities and rules applying to […]
Five Things to Check when a Loved One Passes Away
At a time of loss, no one wants to concern themselves with details. Yet, often, making a few simple phone calls can make this period a lot easier. Following the death of a loved one, many people neglect to consider the built-in support and relief provided by many financial products. And in a difficult time, […]
