Introduction
Legal safeguards like wills and contracts are often overlooked but are vital in managing risks related to property and financial obligations. In Kenya, where informal agreements are common, having formal legal safeguards can offer significant protection.
Importance of a Will
In Kenya, the importance of having a will cannot be overstated. A will ensures that your assets, such as land, property, and investments, are distributed according to your wishes after your death. This is particularly crucial in a country where land disputes are common and can lead to lengthy and costly legal battles for your heirs.
Contracts
Whether it's an employment contract, a business agreement, or a loan arrangement, having legally binding documents is essential. This is especially true in Kenya, where verbal agreements are often considered binding but can lead to misunderstandings and disputes. Contracts lay out the terms clearly, offering protection against future disagreements.
Legal Advice
Consulting a legal expert when drafting or signing contracts is highly advisable. Legal jargon can be complex and the implications of contractual terms may not be immediately clear, expert advice can save you from potential pitfalls.