BEST WAYS TO SOLVE INHERITANCE DISPUTES

Dividing up an estate riddled with challenges can be tricky and often cause problems between siblings, family members, and so on. If you wish to avoid this type of drama in an already challenging time, there are steps that you can consider, that way you do not have to toss and turn in your grave.  

1) Have a valid Will in place  

Having a valid Will means having your wishes on record in an official document. This alleviates some of the tension since the law often respects the wishes written in a valid Will. Also, no judge needs to divide the assets according to what the law deems fit.  

2) Have an unbiased mediator solve the property dispute 

Many inheritance wrangles can often be solved through mediation. Mediation provides a forum for issue resolution. An unbiased mediator (i.e. baraza la wazee) facilitates the discussion and both sides can address their challenges and hopefully, come into an agreement. Mediation helps save cost on court proceedings as well as irreversible damage to family relationships.   

3) Invest in Life Insurance 

The beauty about having Life Insurance is that YOU CAN NAME YOUR BENEFICIARIES. Also, your dependents won’t have to worry about living expenses once you’re gone.  If structured and purchased properly, Life Insurance can offer useful inheritance benefits in the event death occurs. Investing in it should be part of one’s overall financial and estate planning strategy.  

 So there we have it. For a simple and easy transition, talk to us directly on 0709 527 000 or visit our website for more information.