Royal Fidelity & “BARP” urge Bajans to put their affairs in order before they kick the bucket!
Royal Fidelity in collaboration with the Barbados Association of Retired Persons hosted a free seminar on Wills & Estates at the Barbados Hilton, last Friday. The seminar, entitled “Putting your house in order“, was billed as one which gave in depth knowledge on topics that are otherwise avoided or ignored. It aimed at educating attendees on the legal framework and requirements of a Will as well as answering common questions regarding the distribution of possessions after death.
“In a life filled with uncertainty, we must maintain control over what we can, especially those things that are most valuable to us. While recognizing that the preparation of Wills is a sensitive and sometimes uncomfortable topic, it is one that needs to be addressed. Derelict properties are seen all across the island and stories are relayed daily about siblings and other family members extensively disputing how a family member’s possessions should be handled due to the absence of a Will. No longer can we ignore such a relevant issue. I implore you to avoid leaving things up to chance and act responsibly, in an effort to take care of your families.”
Also presenting was Ms. Claire Lewis, Attorney-at-Law, at a reputable West Coast Law firm. Speaking specifically to the importance and formalities of a Will, Ms. Lewis gave practical insight as to what needs to be considered when making the Will. “As with any other area in financial planning, knowing the basics can go a long way. Essentially, a Will is of the upmost importance as it makes the management of your estate very clear and much easier. We don’t have control over how we enter this world, or how we leave, but we can have control over how our property is handled after our death.”
This Wills & Estates Seminar was the first of its kind for Royal Fidelity’s Trust & Estate Planning Department and due to the overwhelming response, more can be expected to follow. Jillian Nunes, Assistant Vice President at Royal Fidelity commented, “There are very few entities offering holistic solutions to the Wills, Trusts and Estates area, coupled with community to educating Barbadians. Our country’s sustainability will be dependent on wise decision making and proper planning, both of which Royal Fidelity fosters through their extensive line of products and services.”