IF YOU DON'T HAVE A WILL

On your death, your assets will be inherited in terms of the Intestate Succession Act

and your heirs will have no say over the way your assets will be distributed.

If you don't have a WILL, you will not be able to ensure that those assets that you wish to go to a particular person, will in fact go to that person.

You may want to exclude a particular person from inheriting

but will not be able to prevent it

You may not be able to make specific provision for young children,

for example, you can specify that they do not inherit immediately

at the age of 21 but that their educational

and welfare needs (including holidays) are satisfied

and that they can only inherit say at the age of 30.

You can even specify that they do not

inherit the capital at all

but receive an income for the rest of their lives. Such a restriction can be imposed for two generations. You cannot take precautions for alternatives in the eventany one of your loved ones dying before you.

The Executor chosen by the Master of the High Courtmay be a person that you would not have chosen

Use the services of your Financial advisor as Executort The inheritance of children under the age of 21

may be paid into the Master's Gaudians Fund

and will be held there until they reach the age of 21

WHEN SHOULD YOU DO A WILL

Now is the time!
Apparent good health is no guarantee
and sudden illness or an accident
or being a victim of violence is always a risk.
Any WILL can always be changed later
and should be revised yearly

Contact our Practice now

by scrolling down

and SUBMITTING

your information

Costing Information:

Simple Wills from R250.00

complex Wills can exceed R5000.00

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Who should make a Will?

If any one of the following applies then you should have a Will:

If you own a house.

If you have a savings account or a credit balance at a bank.

If you have a pension scheme at work.

If you own a car.

If you have an insurance policy.

If you have a business or have an interest in a Company or a Close Corporation.

If you have any assets.

If you have minor children or want to provide for people outside your immediate family.

If you are married in community of property, the partner who is not working owns half of the assets and also needs to make a will.

If you have married recently or if you plan to have children or to adopt children.

If you circumstaces have changed since your Last Will

If you have been divorced or widowed since you made your last Will

If a person named in your existing Will has died or changed his or her marital status.

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Who should make a Will?