Five essential documents you need for estate planning

Although Kenya does not currently impose inheritance tax, there are still financial considerations that families need to keep in mind.

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For many Kenyan professionals, wealth today is no longer confined to land and bank accounts. It sits in M-Pesa wallets, sacco shares, pension schemes, side businesses and even monetised social media platforms. However, while assets are growing and becoming more complex, the planning needed to protect them has not kept pace.

The result, lawyers warn, is that even modest estates are increasingly ending up in court, locked in disputes or distributed in ways that do not reflect the owner’s wishes.

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Note: The results are not exact but very close to the actual.