WHY DO YOU NEED A WILL?

WHY DO YOU NEED A WILL?
It’s a difficult subject for many people, but a thoughtful, well planned estate can be one of the most generous gifts you give your loved ones.

So do you need a will? YES, if you want to decide who would take care of your family and how your possessions and money would be distributed if something happened to you, you would require a will in order to do so.

Disadvantages of dying without a will:

• The court could appoint someone you do not approve of to be your executor • Your estate will be dealt with according to rigid and inflexible laws

• Your minor children’s inheritance might suffer, since anything they are entitled to receive, will have to be transferred to the Guardian’s Fund in a monetary form, where it will remain until they turn 18. This means that the family home would have to be sold (converted into a monetary form), which is quite possibly something you would never have chosen to happen

• If you have no immediate or close family, distant relatives - rather than close friends or a life partner - will claim the inheritance

We trust you find the above information imperative as to the important decision that needs to be made by yourself and your future spouse.

For more information click here or call 012 362 1681