Insurance expert advises Nigerians on Will making

Insurance expert advises Nigerians on Will making
by Nike Popoola
An insurance expert and lawyer, Mr Rotimi Edu, has said that only one per cent of urban literate Nigerians make Wills, out of which 90 per cent of them are over 60 years.
According to a statement on Friday, he said this while delivering a lecture on, “Will and Testament: Tool for Estate Management,” at a public forum recently in Lagos.
Edu noted that making a Will was germane to peaceful transfer of wealth from parents to wards or children and other beneficiaries, but had been grossly underutilised due to some noxious traditional beliefs that must be discarded.
He lamented that transfer of wealth had generally been a problematic issue in the African society, due to the attitude of many towards making a Will and its administration.
Edu disagreed with the perception that only the affluent needed to make Wills, stressing that anyone above the age of 40 years must give Will making attention.
“It is always advisable not to die intestate, given the fact that obtaining a probate document for such individuals are quite cumbersome with its attendant discomforts and delays,” Edu asserted
Source: PUNCH