A Will ensures that your wealth, properties, and assets are distributed and allocated as per your wishes after you die. The absence of a Will when you die results in the possibility of your hard-earned legacy ending up the hands of those you didn’t intend on leaving your wealth, properties, and assets with. A will safeguards and ensures that your savings, investments, house, cars, etc. are given to the people of your choice once you die. The Law of RSA states that should you die without a Will, your possessions/assets will be rendered ‘intestate’, this means that your estate will be allocated and distributed in a manner stipulated by the Law, which is most likely not in line with your personal wishes.
What will happen to your children after you die?
Drafting a Will with your children as beneficiaries of your wealth will ensure that they are financially taken care of even in your absence. The Will allows you to nominate a legal guardian who will oversee your children through your wealth should you die before they reach the age of 18.
Make that list:
Make time to sit down and write down all the savings plans, investments, cars, houses, furniture, properties, etc that you own.
Draft the will:
Manzankosi Corporate Legal Consultancy specializes in estate planning and the drafting of Wills and we can assist you with drawing up your Will to ensure that your wealth is allocated and distributed according to your wishes. Contact Manzankosi Corporate Legal Consultancy on 067 147 2323/ 081 712 1114 or email info@manzankosiclc.co.za.
