Your Last Will & Testament – Death Is Never Easy
Death is never easy for those left behind. However, by having a valid Will in place, you can ease the burden on your loved ones and ensure that your legacy is preserved.
Shockingly, over 70% of South Africans pass away without a valid Will, and 90% are unprepared for the unexpected financial costs of dying.
A Will is a legal document that defines your wishes regarding the distribution of your assets after your passing. Failing to have one can result in unintended consequences.
Consequences Of Having No Last Will & Testament
- Inheritance: Without a Will, you have no control over who inherits what. Your estate will be distributed according to South African law.
- Marriage: Regardless of one’s matrimonial property regime, all couples should undertake a transparent, comprehensive estate planning exercise to ensure that no difficulties arise on death.
- Partner: Unmarried partners may be left with nothing, or if your Will isn’t updated, assets could go to unintended beneficiaries.
- Children: Your children’s inheritance could be mismanaged or placed in the Government Guardian’s Fund.
- Family Disputes: Without a clear Will, family members may engage in disputes over your estate.
- Delays: Winding up your estate could take years without a valid Will, as the process will be handled by the government-appointed executor.
- Guardianship: You forfeit the right to choose a guardian for your minor children, leaving the decision to others.
Your Will is one of the most important documents you will ever sign. Ensuring that both your Will and Last Testament are in place is an act of care and foresight for your family.
By partnering with reputable Fiduciary experts, let us help you secure your legacy
If you would like to explore the benefits of drafting a Will, please email acirfa.puorgorodnim@rehpotsirhC.
Sincerely,
Mindoro Group (Pty) Ltd.
