December 8, 2020

Coronavirus pandemic prompts individuals to ensure affairs are in order amid growing fears of untimely death

08 December 2020 GTC Holdings As the number of COVID-19 infections in South Africa spikes again, a trend mirrored around the world, and everyone eagerly awaits the vaccine, people are more focused than usual on their own mortality. Quite rightly we are all concerned about the possibility, and then the consequences of our untimely death. This reality check has prompted many individuals to hurriedly update their last will and testament and finalise their estate planning, ensuring that their financial affairs are in order with their personal wishes confirmed. During March 2020, US-based online estate planning company Gentreo stated they experienced a 143% week-on-week increase in the number of individuals completing online wills. Another American online wills business, Trust & Will recorded a 50% growth in users over the same period. Whilst any large-scale health issue, such as the Coronavirus pandemic...
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