As your life changes there are various financial implications you should consider.
|Your life stage||Financial consideration|
|Newly married / new partnership||You need to protect your spouse's right to jointly purchased assets through your will|
|Divorced or separated||It is important that you review and update past planning, especially your will|
|Children||If your children are minors (under 18), you need to ensure that the assets they inherit are protected through your will|
|Substantial assets and / or assets which have potential to grow||You need to look at implementing structures to protect and secure your assets for future generations and to reduce taxes through Estate planning|
|Growing wealth||Planning keeps taxes, especially Estate Duty, to a minimum|
|Owning your own business||You need to provide for succession planning after your death, through your will|
You owe it to yourself and your loved ones to ensure that the wealth that you have accumulated is protected.