Your car. Your home. Your savings. What does it really mean to own them?

In recognition of Wills Month, Discovery is exploring a simple but important question: What does it really mean to own something? Many South Africans work hard to build assets, grow their savings and create financial security. But true ownership means taking responsibility for the asset while you’re alive, and choosing what happens to it after you’ve passed away. 

Many young professionals are part of the sandwich generation, balancing the responsibility of supporting parents while building their own futures and caring for the next generation. As these responsibilities grow and ownership expands, so does the importance of making clear decisions about what you’ve built. A Will expresses these decisions of ownership, and getting one is easy and FREE.

To further educate advisers and clients on the important elements of estate planning, Discovery is hosting a webinar on the MoneyMarketing YouTube channel. Kashmeera Kanji, Head of Distribution Strategy and Market Analytics, and Zinhle Sithole, Testimentory Specialist with Discovery Wills and Trusts Services, discuss the importance of ensuring a Will is firmly in place.

“Young professionals go into the workplace, they start acquiring assets and are focused on building their estate, but most people tend to forget that proper estate planning is what’s important,” says Sithole. “It doesn’t matter how big or small your estate may be or the number of assets you have, even if it’s just a car – put in writing what should happen to it. And as you build your assets, remember to build on that Will. Make sure that everybody around you, your dependents, know what should happen.”

People tend to forget that even the salary that goes into their account monthly is an asset, and should you pass away tomorrow, there needs to be a plan as to what happens to it. 

In this episode, the following will be discussed:

• Why ownership is about decisions, not just possessions
• Why financial responsibility starts earlier than many people realise
• The role a valid Will plays in ensuring your wishes are carried out
• The realities of being part of the sandwich generation
• Why getting a Will is one of the simplest ways to take ownership of your financial future.
• A Will is one of the simplest ways to take control of what you’ve built. With Discovery, you can get a FREE Will drafted to ensure your wishes are carried out.
  

This Wills Month, take a moment to consider whether you’ve made the decisions that true ownership requires.

To view the full webinar and gain further insight about this important topic, visit the MoneyMarketing SA YouTube channel.

For standard Wills, drafting is free of charge. If you require a bespoke or offshore Will, you’ll be referred to a specialist boutique law firm, where a fee will apply

Discovery Wills and Trust Services, a division of Discovery Central Services (Pty) Limited, a company registered in South Africa with registration number 2016/054628/07 and part of the Discovery group of companies.