A 2018 financial status report released last week by the Unclaimed Financial Assets Authority indicates that it is holding Sh10 billion belonging to Kenyans. Most of this cash and other assets belong to deceased persons who never brought their assets to the attention of their relatives. Two issues arise here: First, secrecy about your property disadvantages your family upon your death, and second, wills play an important role in identifying and distributing your property. But on the flip side, it seems the authority has done little to sensitise Kenyans on its existence and roleThe authority must educate the public on its mandate and role. But the bottom line is this: Do do not hide your assets from your family and to manage any fallouts upon death, write a will.

Source: The Star May 20, 2019 03:00 UTC