Mudiwa Gavaza is joined by Zale Hechter, CEO of Cliqtech, a firm that operates estate planning platform SmartWill
Wills and estate planning are the focus of this edition of the Business Day Spotlight podcast.National Wills Week, taking place from September 13-17 is aimed at educating South Africans about the risks of not having a valid will in place and highlighting the benefits of proper financial planning.
According to data from the Master’s Office, which administers estates of deceased and insolvent people, 70% of South Africans don’t have a will in place.Hechter says every year, billions of rand go unclaimed in SA because family members are not aware of policies and investments of a deceased relative. There are many reasons why this is the case, he says, such as a lack of a valid will, an outdated will, a poorly drafted will or a simple mistake such as a beneficiary signing as a witness.
Taking us through his own journey in the industry, Hechter explains the importance of having a valid will and how technology can help to close the gap. Topics of discussion include: the rationale behind National Wills Week; SmartWill’s business model; the state of wills in SA; reasons why South Africans generally don’t have wills in place; the cost of administering an estate; and how technology is being used in the industry.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
At least 70% of the working class died without drafting a will in 2019, says govtIf you die without a will, the Intestate Succession Act determines your heirs.
Read more »
Proteas hammer Sri Lanka in third T20, take series 3-0The South Africans wrapped up the win without losing a wicket in their chase of 121.
Read more »
Remembering the life and times of HHPHHP is responsible for a lot of South African hip hop anthems including 'Harambe', 'Bosso Ke Mang,' 'Music and Lights', 'Tswaka', and 'Jabba'
Read more »
Refusing the vaccine is 'selfish with far-reaching consequences'An open letter to all South Africans from PSG Group CEO, Piet Mouton.
Read more »
British American Tobacco agents brokered Mugabe bribe proposal - The Mail & GuardianA joint investigation by the Bureau of Investigative Journalism, BBC Panorama and the University of Bath reveals British American Tobacco was linked to a conspiracy to pay a bribe of between $300 000 and $500 000 to get certain people released from jail.
Read more »
South Africans should apologise to Paul Adams, Temba Bavuma and not the WallabiesICYMI : I had called the Wallabies wimps, and collectively South Africans were queueing to apologise to Australians on my behalf. If only those same South Africans had made such an effort to apologise to Paul Adams on behalf of Mark Boucher, writes ...
Read more »