Sue Torr
A power of attorney is a formal document by which a person (the principal) authorises another (the agent) to conclude juristic acts on his behalf. By signing a power of attorney, the principal indicates to third parties that he will
In theory, your bank accounts should be frozen in the event of your death. However, in practice, there is generally a delay between your death and the appointment of your executor whose job it is to notify your financial institutions
In the absence of an estate plan, problems could arise in the deceased’s estate if there are insufficient liquid assets to honour the deceased’s bequests. In order to pay the bequests, the executor may need to realise assets in the
Debt is a mantel that can burden you daily. Being overly-indebted can be a dark place to be and a difficult place from which to escape. While you’re servicing expensive debt, such as credit card and retail debt, it is
Unless otherwise agreed upon, keep your joint financial affairs private and work hard to protect that privacy. Discussing your financial affairs with friends and family may be perceived as an open invitation for them to become involved in your finances,
In assessing a severe illness claim, particularly where there are tiered benefits in place, some insurers use an internationally recognised scoring system to measure the patient’s physical, mental and functional ability and the extent to which it has been affected
Many of us tend to lose track of time over the festive season which can result in us losing track of our banking, so put plans in place to keep a handle on your bank accounts during this period. Before
Taxpayers are afforded several ways to reduce their tax liabilities, and it is advisable to employ these mechanisms to your benefit. Leaving ‘free money’ on the table doesn’t make financial sense so be sure that tax planning forms part of
Budgeting involves a lot more than merely keeping track of expenses. As you get into the habit of record-keeping, checking bank balances, double-checking your debit orders and querying fees, the process of budgeting eventually forms part of everyday life. Be
One of the most significant advantages of a preservation fund is that you are permitted to make one full or partial withdrawal from the fund before age 55. If there is a likelihood that you may need access to your
