Optimising your legacy

Incorrect or unclear nominations can affect outcomes and incur costs.

- Hannah Myburgh

Clearly nominating beneficiaries plays a critical role in effective estate planning. Incorrect or unclear beneficiary nominations can significantly affect policy outcomes, incur extra estate costs and ultimately reduce the inheritance your loved ones receive.

Retirement funds and dependants All retirement funds are governed by the Pension Funds Act, with Section 37C ensuring that no dependant of a deceased member is left without support.

Trustees have up to 12 months to complete their investigation, allowing time for untraced dependants to come forward.

Did you know? The 12-month investigation period allowed by retirement fund trustees helps prevent financial dependants from being unintentionally excluded.

Domestic life insurance policies Life policies are valuable estate planning tools, particularly for providing liquidity and financial security to your loved ones.

Their effectiveness hinges on proper beneficiary nomination.