Losing a loved one is always traumatic but it doesn’t have to be an administrative nightmare.
By following these simple steps now, you can assist your loved ones once you have passed:
- Have your will drafted by a professional and ensure it is properly dated, witnessed and signed.
- Update you will regularly, especially after any substantial changes in your assets, or after a divorce.
- Ensure that your original will is kept in a safe place, preferably with your attorney or accountant, and that your family members know who to contact in the event of your death.
- Keep a record of all your policy and membership numbers in respect of your medical aid, insurances, investments, retirement annuities etc. If possible, this should be kept together with your will.
- Keep a record of all your passwords or pin numbers in a safe place (including that of your cell phone, online shopping apps, online medical and insurance profiles, social media accounts etc.).
- Keep a record of all your financial liabilities including details of your home loan, car finance, credit cards etc.
Article by: Nevashni Moodley
