A will is a unique document in which you record your decision as to how your assets will be dealt with after your death. Because your will cannot be changed in any way after your passing, it must be drawn to reflect your wishes accurately. You will be avoiding interfamily disputes which so often arise.
What happens if you don’t have a will?
If you do not have a will when you die, you will have lost all personal decision-making power regarding your estate. You will be regarded as having died intestate, and your estate will be distributed in terms of the provisions of the Intestate Succession Act.
The Act stipulates how your assets are to be distributed amongst your family members depending on whether or not you leave a surviving spouse or children. The result of this distribution may have an unintended consequence in terms of which someone you may not have wanted to inherit from you does, in fact, do so.
Your intestate heirs can agree on how your assets are to be reallocated amongst them. This is done by entering into a redistribution agreement.
Contact Loftus Law about a Will today
Our Team:
Russell Loftus (Attorney and Conveyancer)
Tel 082 651 5548
Email: russell@loftuslaw.co.za
Jan Watson (Paralegal)
Tel 011 447 1534 | Mobile 082 560 8843
Email: jan@loftuslaw.co.za