Echoes of 1918: Planning for the Unthinkable
History has a way of repeating itself. A century after the Spanish Flu, we find ourselves at a similar crossroads—reminded that our family’s future can change in a matter of weeks.
Did you know that industry giants like Sanlam and Avbob were founded in 1918? They emerged from the financial ruin faced by families during the Spanish Flu epidemic. Today, while we have more choices, the mission remains the same: protecting the breadwinner’s legacy.
3 Non-Negotiable Steps for Parents
1
Update Your Will & Test a “Dummy” Estate
A Will isn’t just about who gets what; it’s about providing for minor children through a trust. Procrastination here is a luxury we don’t have.
2
Identify Guardians and Trustees
It’s an uncomfortable conversation, but making that call now ensures your children are never left in a legal vacuum.
A Personal Touch: Document your hopes and dreams for your children in a sealed envelope. Give it to your chosen guardians to open only when they need to step into your shoes.
3
The “Trajectory” Calculation
To keep your family on their current financial path, you must calculate three specific figures with a CFP® professional:
| Metric | Purpose |
|---|---|
| Total Debt | Ensuring the home and car are paid off immediately. |
| Monthly Living Costs | Replacing your salary to cover groceries, utilities, and school. |
| Future Milestones | Funding University fees and weddings years down the line. |
We Owe It To Them
No one likes to think about death, but we owe it to our loved ones to get these structures in place before a crisis strikes.
Kenny Meiring, CFP®, MBA
Independent Financial Adviser | kenny@financialwellnesscoach.co.za
