3 GROWN-UP THINGS EVERY COUPLE SHOULD ADDRESS IN 2018
February 16, 2018
Let’s be honest, in our minds we are all still 18, carefree and not even remotely ready to tackle the adult stuff. This is why we are more inclined to spend our hard-earned money on fun things like romantic getaways, new tech toys or a wardrobe update than we are to put it towards grudge purchases like life insurance or drawing up a will.
However, when you’re sharing your life with someone, or have the privilege of having children in your care, it becomes necessary to put certain measures in place to ensure that everyone is taken care of in the event that something unforeseen should happen.
WILL & TESTAMENT
Whether you are legally married or engaged in a common-law or cohabitation relationship with your partner, the need for a will and testament is indisputable. Besides division of assets, the subsequent guardianship of minors and the division of real property, this is also the document you’ll use to stipulate what your wishes are in the event that you should be permanently incapacitated without the hope of getting well.
While you're making plans for the new year, make sure to include life insurance on your do-to list so you have peace of mind that your family is covered should anything unfortunate happen to you during the course of 2018. With their reimagined product offering MiWayLife
is ensuring that everyday South Africans have access to comprehensive life and funeral cover. As standard, policyholders are able to cover spouses, siblings, in-laws, nephews, nieces, cousins and other members of their extended family - all with only one reduced monthly premium.
The time to start saving for your golden years is now. No-one wants to be dependent on their family or children when they can no longer work or have to retire. Whether you choose to invest in a retirement annuity (which provides a sizeable tax break every year), or enrol your savings in a long-term interest-bearing account is up to you – just start putting something away each month ASAP.
These are three of the most important grown-up things every couple should address in 2018. Brace yourself for the red tape, grit your teeth and get it done. The peace of mind you’ll enjoy knowing that you and your loved ones are safeguarded against the unexpected will make it all worth it in the end.