d basketball. With his passing, Kobe Bryant left behind his wife Vanessa and three young children; one of them, a little baby girl of just nine months.
One would assume that someone so accomplished, with considerable wealth, and who most likely had access to a team of financial, legal and tax advisors, would have formalized his wishes for his personal fortune and his business empire. The laws of intestacy if he died intestate; that is, without a will, leave the courts to determine the distribution of his estate.
Do you have an estate plan? The vast majority of Nigerians do not. There is a reluctance to discuss this certainty, with a fear of death causing many to procrastinate over an essential part of a financial plan. Here are some estate-planning mistakes to avoid:There are several estate planning tools so it is inexcusable to do nothing. You have loved ones, people you care about.
Do you want your children to inherit money early? Young adults may get unfettered access and control of their inheritance from the “tender” age of 18. Most 18-year olds are not equipped to make the right financial decisions particularly for large sums of money. In addition, inheriting too early has its challenges and makes it difficult for some children to be independent, motivated or driven to success.
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