SAARP PARTNERS WITH WARWICK, "THE OVER 50 SPECIALISTS"

SAARP identified and have formed a partnership with Warwick Private Wealth where Warwick will provide professional and personal financial services to all SAARP members.

SAARP selected Warwick as a Partner because of Warwick’s focus and experience in dealing with the retired and retiring market. SAARP and Warwick have partnered to provide three main areas of financial service to all SAARP members, being SAARP TRUST, SAARP COVER and SAARP INVEST. In order to provide this service to the SAARP members Warwick have a dedicated number for all SAARP members to use when wanting advice on Wills, Short term insurance or investments.

The SAARP/Warwick team will provide interesting and insightful articles for the monthly newsletters, and quarterly magazine.

The Warwick team have been welcomed into the SAARP fraternity as a value adding service to the "Over 50's market".

WILLS AND THE HIDDEN MINE FIELD

All too often we hear that people left their estate planning matters to a later date as they were too busy. In a number of cases we are called in to assist grieving family members and beneficiaries, now at risk, deal with Wills that had never been completed or kept current with legislation, in an environment where legislation and tax aspects change on a regular basis. Wills should ideally be reviewed regularly, ideally annually. The Fiduciary Institute of South Africa recently estimated that only 10% of the South African population have a Will.

In many instances a simple Will could satisfy these legal requirements, but in a number of cases this may not be true. You do not want your Will to be declared invalid through a technicality and/or to die intestate. Should a person die intestate their loved ones can be severely prejudiced as the assets of a deceased person will be divided in terms of the Intestate Succession Act. Those close and dear to you might have to share their intended inheritance with those not so close to you.

A couple of questions we should ask ourselves include: Is the Will signed properly? Have amendments been executed correctly? Can the existing Will be challenged through a technicality? Has any personal situation changed since executing the Will? When considering the founding of a Trust, there are a number of characteristics and benefits attached to the various types of Trusts.

Where there is no Will or no provision has been made for a Testamentary Trust, monies and inheritance meant for Minors will be held in the Guardian's Fund which means that assets forming part of a minor's inheritance will be liquidated and then paid over to the Guardians Fund.

Whatever your situation, we advise that you revisit and, if required, draw up or update your existing Will as soon as possible. Negligence could have unintended, yet avoidable, consequences.

If you are one of those who feel they do not have their estate planning and Will in a healthy position, or would like advice, then feel free to contact SAARP TRUST on 0800 330 330, or Visit the SAARP Website and get expert advice and comfort.

Unlike most financial institutions, the SAARP TRUST team draft wills at no cost to clients, if we are nominated as Executors to the estate. We at SAARP TRUST prefer and recommend that a member of the family is a co-Executor to the estate to ensure that the family's wishes are carried out and to improve the communications between the Executors, the family and beneficiaries.

At the time of drafting a Will, we recommend that a financial analysis of the client’s estate be undertaken. We are happy to arrange for an Investment Manager to advise on all aspects of estate planning, trusts, retirement and investments generally as well as any insurance requirements.

With thousands of Wills and Warwick Trust appointed as Executors over assets worth many billions of Rands, SAARP TRUST with Warwick Trust is acknowledged as a major national player in the industry.

We boast a highly professional team many of whom have in excess of 30 years experience in the field. SAARP TRUST works diligently in winding up estates as speedily and efficiently as possible, providing a holistic, personal and professional service.