By Simon Mburu More by this AuthorSuccession battles in two of Kenya’s prominent political families have revealed why a properly written estate plan is critical for family succession. In the second instance, the family of the late cabinet minister for Defense Njenga Karume have been living in near penury. Once a joint tenancy is registered, the property cannot be passed to the person you have listed through a will. “If you take a life insurance, you can nominate the person who will take the benefits in the event you die,” she says. According to a report on estate planning by property and investment firm Cytonn Investments, if the deceased person did not have any will, the succession falls under the jurisdiction of the court under the Law of Succession Act.

Source: Daily Nation June 20, 2020 05:26 UTC