Write Will to secure your estate from needless family feud

Many estate owners have left their dependents destitute, squabbling or the laughing stock just because they failed to plan how their property and assets would be managed once they are gone. In many African traditions, it’s common for people to consciously refuse to write Wills, insisting that doing so is ‘inviting death’.

In the same spirit, some people go to great lengths to keep their financial information from their spouses and children. The Unclaimed Financial Assets Authority in November 2018 indicated that it is holding Sh13 billion in cash and Sh555.5 million in shares and that, poignantly, no one has claimed it. The authority indicates that 97.5 per cent of owners and beneficiaries have not claimed the cash and securities.