Letter from the editor

SOME people believe it is theirright to inherit property fromtheir parents, while othersare happy their parents areable to look after themselvesfinancially and don’t expectanything to come to themwhen their parents die.

Life rights properties areideal for this. You are ableto pick up a property in aretirement estate at a lowerprice and, when you die, thisproperty – at a sum far lowerthan market value – goesback to the developer, so theproperty cannot be inherited.For many, inheritingproperty is one way in whichto grow generational wealth.Imagine not having toservice a bond or pay monthlyrent – how much more moneythis would give you to investor grow.

Some of the men andwomen in the top 100wealthiest people in theworld inherited their moneyvia real estate.

What should you do asyou reach your golden years?It’s a tough question to answerand, ultimately, while it’swonderful to help your childrenget a step up, there is no lawthat says you have to leavethem anything.

So, make the decision thatworks best for you in your life.

Weigh up the pros andcons and, rest assured, nomatter what you do, there willalways be someone who’s nothappy about it.

And, while we are on thesubject, do ensure that yourwill is up to date.

Warm regards

Vivian Warby

vivian.warby@inl.co.za