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Your family can still inherit bank financed home

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One of the biggest misconceptions in property ownership is the belief that a house financed through a bank cannot be included in a will.
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From a property practitioner’s perspective, some of the most difficult estate situations arise where there is no will in place and no financial planning attached to the property. Families become trapped in disputes, estate administration drags on for years and properties sometimes end up being sold under pressure.

As property ownership continues to grow in Eswatini, people must begin to understand that responsible property ownership goes beyond simply qualifying for a bond. It also includes preparing for the future and protecting those who may one day inherit the property.

The Jaguar perspective:

A bonded property is still your property.

The bank finances it, but your decisions regarding inheritance still matter. A properly prepared will, combined with the correct life cover, can protect families from confusion, financial hardship and painful disputes during already emotional times.

Buy smart. Wait with discipline. Grow with confidence.

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Written by
Mthobisi Buthelezi

Mthobisi Buthelezi - Sections and Supplements Editor with the Times of Eswatini overseeing the publishing and content for the Motoring on Thursday, Property on Saturday, Tekulima (Farming) on Wednesday and Business Opportunities on Monday. Contact: 7936 3694 Email: mthobisib@times.co.sz

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