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Why must you have a Will?

AA valid and up-to-date Will ensures that your assets are distributed according to your wishes in the event of death. A valid Will also ensures your loved ones do not experience delays and conflict regarding your wishes, which often is the case in the absence of such a vital document.

What happens to your estate if you die without a valid Will?

If you die without leaving a valid Will, your assets will be distributed according to the provisions of the Intestate Succession Act. The provisions of this Act are generally fair and ensure that your possessions are transferred to your spouse and children, and where applicable, to siblings, parents, and if required, then to the extended family in terms of degrees of relationships and those that were dependent on you for financial support.

BUT, the following problems may arise if you die without leaving a valid Will:

• Your assets may not be left to the person of your choice.
• It can take a long time to have an executor appointed and this could be somebody you may not have chosen yourself.
• There can be extra and unnecessary costs to the deceased estate.
• An estate being wound up according to the provisions of the Intestate Succession Act normally takes a lot longer than an Estate with a valid Will & Testament.
Contact us today to assist you in drafting a Will & Testament that is correct and reflects your final wishes.