For richer or poorer
A wedding is romantic but a marriage requires some forethought. We all need to consider several aspects of compatibility when it comes to evaluating a potential life partner in terms of personality, intelligence, values and more. A crucial piece that often gets overlooked is a partner’s financial stability and spending mindset.
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The gender (financial) gap
It is often argued that money is gender neutral and speaking specifically to women is patronising. It is correct that the type of investment products and the basic principles of money are gender neutral however what is not gender neutral is the fact that women continue to earn about 30% less than men and remain the main caregiver in the family. Some might say that women face poverty in retirement because they are penalised for unpaid work and for living longer. To be fair, the living longer bit cannot be blamed on men.
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Death’s duty – The role of the Executor
When a person dies, the property of the deceased does not immediately accrue to the deceased’s heirs, but passes instead to a person who is tasked with administering the deceased estate until it is passed to the heirs. The person appointed to perform the task of such administration is termed the “executor” of the estate. This article examines the executor’s duties and explains how the estate is wound up.
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