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ARTICLE · 03 AUGUST 2023

A Trust Versus A Will?

Zenas Chambers, ChimwaMurombe Legal Practice
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So many at times, I have received this question on what works better when safeguarding one's estate after death.

ZimbabweFamily and Matrimonial

So many at times, I have received this question on what works better when safeguarding one's estate after death. The issue arising from the right one has of freedom of testation, which is bequeathing your property to the person that you want to benefit from your assets after death. Estate planning is the preparation of tasks that serve to manage an individual's asset base in the event of their incapacitation or death .In some circumstances giving away all your property and assets before you die, can have the effect of battles and commotions due to undesirable expectations. So one asks that how can you safeguard your property and your loved ones at the same time? Planning tasks include making a will, setting up trusts and/or making charitable donations to limit estate taxes, naming an executor and beneficiaries, and setting up funeral arrangements.

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