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The majority of Kenyan adults, about 60 per cent, do not have a will in place, according to the latest research by financial services provider, Enwealth conducted in partnership with Strathmore University and Institute of Human Resource Management (IHRM).
this is now feared is the main leading cause to increased cases of conflict and uncertainty relating to wealth distribution after death.
“As financial planners we increasingly witness serious consequences for not putting an estate plan in place. Some of the common reasons why most Kenyans do not have a will include cultural beliefs relating to death, lack of trust, lack of awareness and fear of legal expenses,” said Simon Wafubwa during the launch of the report, Attitudes to inheritance in Kenya.
More to follow