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‘Dire need’ for estate planning

TREVOR YEARWOOD, [email protected]

‘Dire need’ for estate planning

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A LOT OF THE derelict houses across Barbados are a sign of non-existent or poor estate planning that triggered family squabbles.

This is the view of manager, trust and corporate services of Royal Fidelity, Carol Gaskin.

Addressing an estimated 200 people attending a Royal Fidelity seminar yesterday on trusts and estate planning at the Hilton Barbados resort, she said making a last will and testament was one step towards eliminating family squabbles and other challenges when a spouse or main income earner died.

She also told the gathering that appointing a trusted and “very competent” executor of the will was also vital as administering the document could be a difficult task.

“If you look around Barbados, you are going to see a lot of derelict properties,” she said. “Those houses are not there because the banks will not lend them money. They are there because there are a lot of squabbles, a lot of contention.” (TY)

Please read the full story in today’s Saturday Sun, or in the eNATION edition.