According to the Unclaimed Financial Assets Authority, the approximate value of unclaimed assets remitted to date stands at KES 62.34 billion.
One of the main reasons why assets become unclaimed is where the owner of the assets passes away and the heirs are unaware of the assets’ existence. The need for succession planning is closely linked to this issue.
Effective succession planning involves making arrangements for the transfer of assets and wealth to intended beneficiaries in a smooth and organized manner after the owner’s death.
When individuals fail to engage in proper succession planning, they risk leaving their assets in a state of limbo, potentially leading to them becoming unclaimed.
Without clear instructions or documentation regarding the ownership and distribution of assets, heirs may struggle to identify and claim what rightfully belongs to them.
At Abojani Investment, succession planning is at the core of our personal finance value chain.
We are committed to enlightening people on succession planning, recognizing it as a significant aspect of comprehensive wealth management.
We strive to empower individuals to safeguard their assets and secure their financial legacies for future generations.
