For instance, if there is no sufficient cash to pay the balance of the HOME LOAN the Executor will have to SELL the property in order to wind up the Estate. Provision must also be made to provide for CASH to pay all other Debt.
Although financial planning is an important aspect in Estate Planning, there are also other aspects that are equally or sometimes even more important.
Important consideration that comes to mind is the rights of an
unborn child and/or an adopted child. Another very important aspect is the protection of minor children. It may for instance be necessary to create a Trust in which case specialised knowledge is required.
