Today: May 05, 2025

Seniors encouraged to make wills to prevent family conflicts – FBC News

4 weeks ago


Senior citizens in the Northern Division have been encouraged to make wills to prevent family conflicts.

Fiji Public Trustee officer Razmoon Bi stressed this while speaking at an event in the division that brought together elderly citizens in Labasa.

Bi says determining the rightful distribution of properties, businesses, and assets after one’s passing can be a difficult decision and thus requires proper documentation beforehand.

Article continues after advertisement

Fiji Public Trustee officer Razmoon Bi

She highlights the importance of ensuring businesses are left in the right hands.

She adds that many businesses and investments in the North are owned by senior citizens but are without proper will documentation.

“So for any business owner, for sure they have properties under their name. It’s not just business. They have houses; they have other as-sets, including that. So once you do not do a will, that becomes, like, for your beneficiaries, for your children, a conflict. There’s a disagreement because everybody wants to own a property and have the share from that business, whatever they own.”

Moreover, the Fiji Public Trustee says their services have resolved numerous cases of family disputes over businesses and properties.

Meanwhile, non-Fijian business owners with properties in Fiji also utilize the Fiji Public Trustee Services to secure their assets while living overseas.

Stream the best of Fiji on VITI+. Anytime. Anywhere.



Source link

Keep exploring EU Venture Capital:  Warren Buffett's Top 4 Tips for Getting Richer

EU Venture Capital

EU Venture Capital is a premier platform providing in-depth insights, funding opportunities, and market analysis for the European startup ecosystem. Wholly owned by EU Startup News, it connects entrepreneurs, investors, and industry professionals with the latest trends, expert resources, and exclusive reports in venture capital.

Leave a Reply

Your email address will not be published.