Why is this so important?
A will ensures that your assets and personal possessions are divided up among those individuals you want to inherit them. Without a legally valid document setting this out, your estate won't necessarily be bequeathed according to your wishes. If you fail to draft a valid will, the assets in your deceased estate will be distributed in accordance with the Intestate Succession Act 81 of 1987.
According to report done through Capital Legacy Only 30% of South Africans currently have wills. This all being signed wills is a different question.
It is important to consider proper estate planning to ensure that your estate is managed in a way that will benefit you financially. You can rely on our estate planning services to ensure that your assets will ultimately be well managed and distributed properly.
A will is a legal document that stipulates how the assets accumulated during your lifetime should be distributed when you die.
It enables you to select your beneficiaries and also allows you to choose the executor of your estate. But, above all, a will represents financial peace of mind to those you leave behind.
A well-planned trust represents an effective solution to transferring your assets, looking after your loved ones and reducing tax on your death.
Estate planning is in important to ensure that you have enough liquidity available to ensure debt is covered and to ensure that you minimize tax liabilities at death.
