This week marks Wills Week in South Africa and when it comes to estate planning, one often-overlooked aspect is the potential burden of inherited debt. It's a topic that concerns many, and rightly so. What happens to your debts when you pass away? Can your heirs be held responsible for the financial obligations you leave behind? Charnel Collins, CEO of National Debt Advisors, a leading debt counselling company, gives answers to these burning questions the below press release for Wills week: “According to Statistics SA, civil judgments for debt in January 2023 amounted to a staggering R277.9 million with a significant portion of this debt (R69,9 million or 30,7%) deriving from monies lent. It is clear that South Africans everywhere are facing a serious debt challenge, but what happens to all this debt when one dies?” 📻 93.6fm | 💻 helderbergfm.co.za | 📱 WhatsApp 021 100 6936
