Having a Child
A new child changes everything - including your financial responsibilities. The decisions you make now about guardianship, life cover and estate planning will protect your child for decades, whether you're there or not.
What Needs Attention
Financial decisions new parents can't afford to delay
Some of these are genuinely urgent. A child born into a family without a proper estate plan is a child at risk.
Nominate a guardian in your will
If both parents die, who raises your child? Without a nomination, the court decides.
Update or draft your will
Your will needs to account for your child - including how assets are held and managed until they're old enough.
Review your life insurance
A child needs 18+ years of support. Your cover must sustain your family if you're not there.
Consider a trust structure
A trust ensures funds for education and living expenses are protected, professionally managed and released at the right time.
Update beneficiary nominations
Retirement fund and insurance nominations override your will. Make sure they reflect your new family structure.
Planning Ahead
The cost of raising a child
Private schooling in South Africa costs R1.5M-R3M over 12 years. University adds another R500K-R1.5M. These costs rise above inflation every year.
Whether through a dedicated education trust, a testamentary trust in your will, or simply ensuring your life cover is adequate - the earlier you plan, the more options you have. Choosing the right structure depends on your family's circumstances, your asset base and your tax position.
Protect your child's future - starting now.
We'll help you draft a will with proper guardian nominations, assess your life cover needs, and set up the right trust structure for your family. Every family is different - let us tailor a plan to yours.
Protect Your Family
Give your child the security they deserve.
We'll help you draft a will with proper guardian nominations, set up an education trust and ensure your family is protected - whatever happens.