Next of Kin/Inheritance
Family feuds from inheritance are the main causes of inheritance litigations and yet many people don’t plan their investment adequately to enhance transfer of wealth. Investment to their heirs / family members to facilitate speedy inheritance procedure
Inheritance planning is important and should be done at the earliest for the following reasons:
- You can leave behind an estate which can be easily distributed among your family members without any hassles
- Your property can be easily distributed among your family members without any dispute
- If you want your specific property to be allocated to a specific family member you can do so by naming it in your Will
Thus, you should plan your inheritance efficiently so that your property can be divided without any hassles. While planning your inheritance, do the following:
- Create your Will and specify the assets which should be allocated to your family members
- Mention an executor for your Will who would be responsible for executing your Will as per your desire
- Create a trust which would hold your assets on your behalf till they can be claimed by your legal heirs
- Appoint nominees in your investments. Nominees are individuals who are responsible to collect your property and then pass it along to your beneficiaries
Inheritance planning is an important activity which you should not leave for your old age. Plan it in advance so that in case of unforeseen instance your property can be divided between your heirs.
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The Pearl Building, Head Office, Tetteh Kwei St, Accra, Accra, Ghana
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