Think about what financial impact your death will have on your family if you were to die today. Bear in mind that we are all going to die sometime, it is just a matter of how and when.
It is therefore important to provide for adequate capital and liquidity to provide for any or all of the following:
- Future expenses so your family can continue living
- Any debt and liabilities that need to be paid
- All possible taxes and duties (Estate Duty and CGT)