WILLS AND ESTATE PLANNING

Did you know that as of 2022 from the Master of the High Court of South Africa, statistics show that less than 15% of South Africans have a legitimate Will in place when they die. 

Having a will in place is crucial in South Africa as it provides clear instructions on how a person's assets and estate should be distributed after their death. Without a will, the estate may be subject to the laws of intestate succession, which may not align with the deceased's wishes. A well-drafted will ensures that beneficiaries, such as family members or charitable organizations, receive the intended assets and reduces the risk of disputes. It also helps to streamline the process of winding up the estate, allowing the executor to manage the estate efficiently, settle debts, and distribute assets according to the deceased's wishes. 

Ultimately, a will provides peace of mind, offering clarity during an emotionally challenging time, and ensures that a person's legacy is preserved and handled in accordance with their desires. 

You might ask yourself why we decided to get involved in our clients Will and Estate planning? It is simple. When winding up their estate, especially when we manage all of their financial products in-house, by centralizing these services, we ensure a seamless and coordinated approach to estate planning and administration. With access to the client's full financial portfolio, our team can provide more accurate advice, streamline the process of asset distribution, and help minimize potential tax implications or legal challenges. 

Additionally, having a legal adviser on hand ensures that all aspects of the will are properly executed in line with South African law, giving you peace of mind that your estate will be handled efficiently and according to your wishes. This integrated service reduces the risk of errors, saves time, and provides a comprehensive solution that covers both financial and legal needs.