Plan carefully for your child’s inheritance

As a working parent, nothing makes it worth braving those early mornings more than knowing that your children will always be taken care of. So you invest for your children’s education, list them as beneficiaries to your life cover and employer fund benefits and, finally, put a will in place to make sure your wishes will be honoured.

But did you know that a minor child cannot manage their inheritance on their own without the assistance of a legal guardian? Did you also know that in the absence of a surviving parent or legal guardian their inheritance must be held in the Guardian’s Fund that is controlled by the Department of Justice?