PROGRAM B- INHERITANCE AND SUCCESSION PLANNING

Duration: 2 Mondays

Some topics to be discussed are
1     Present age and educational level of children appraisals
2     Present age and health of parents
3     WILL
4     TRUST
5     Nature of property on hand
6     Extended family and siblings influence and impact on parent living
7     Prevailing legal framework about inheritance
8     Financial intelligence maturity of children

In succession planning you should not overlook the crucial roles of Will and Trust. Will is a written document specifying how your assets and belongings should be shared after you are dead. This means the entire document is worthless as long as the one who wrote it is alive. It is advisable to have one to prevent family warfare after your death because if a person dies intestate, that is without a written Will depending on the society or country at stake, a whole lot of unpleasant ramifications ensues, that is why it is advisable to have one.
Trust on the other hand is a situation whereby an individual or corporate body is contracted to administer your property even while you are still alive. Here your empire is managed by a third party for a specified number of beneficiaries. These can be bonds, shares, buildings, vehicles, farms that are managed by a third party and the benefits paid to beneficiaries you have enumerated and in specified proportions. This operates while you are still alive
At the end of the program participants will know how to prepare their WILL in a very comprehensive manner and to see death as a necessary evil open to all mankind and be able to make changes anytime you want depending on your circumstance