Trustfund urges workers to write wills

Trustfund Pensions Plc. has urged worker to ensure they write their will now so as not to throw their families into acrimony and confusion after their death. Customers Relationship Management Officer of the company, Mrs. Maha Longe, made the call at a customers’ forum organised by the company in Abuja, where she said writing a […]

Trustfund Pensions Plc. has urged worker to ensure they write their will now so as not to throw their families into acrimony and confusion after their death.
Customers Relationship Management Officer of the company, Mrs. Maha Longe, made the call at a customers’ forum organised by the company in Abuja, where she said writing a will shouldn’t be seen as a death wish but as a means of creating order when a breadwinner dies.
Longe said even though no one knows the day of his or her death, unplanned death by breadwinners often leaves immediate family stranded and uncared for when the time to claim pension entitlement comes.
According to her, obtaining a letter of administration, which replaces a will if not written, is not only becoming more problematic, but also has many associated contradictions.
“The issues associated with death are emerging as one of the major problems in claiming entitlements of dead retirees. Obtaining letter of administration is more difficult now because it takes two or three years to obtain.
“Sometimes, some people such as uncles, sisters, mothers and other relations obtain letter of administration before the wife and the family of the demise is stranded with children education stunted most of the time.”
She also charged workers to continually update their data, stressing that incorrect data would lead to delay in the payment of entitlements when they eventually retire.