Sue Torr
Legislation permits you to switch your living annuity to a life annuity, but not vice versa. This is because a life annuity is an insurance policy which is purchased with the capital in your investments, and therefore cannot be moved
While on paper investors believe their investments are gaining incomparable ground, the truth is that most Ponzi schemes don’t make any investments on behalf of their investors at all.
As your adult children become financially independent and your net wealth grows, you may find that you can reduce your life cover to a certain extent.
If you’ve previously made a soft loan to a friend or family member, you may be regretting that decision and contemplating asking for the money back.
A distinct advantage of drafting a separate Will for your foreign assets is that you can ensure that the Will fully complies with the laws of the country in which your assets are situated, and that no complications arise.
While a Will is used to direct the distribution of your assets after your death, a Living Will is designed to provide your loved ones and medical practitioners with guidance as to how you wish to be cared for while
When distributing your assets, the executor will first use your assets to pay the costs of administering your estate and to pay your creditors. Thereafter, your legatees will receive any legacies due to them in terms of any special bequests
According to an ancient Chinese proverb, ‘The best time to plant a tree was twenty years ago; the second-best time is now’.
Teaching children the magic of compound interest can be fun and memorable, and requires shifting the child’s focus from short-term to long-term goals.
