Simple wills
Even for people who need a basic will, it is advisable to have a professional assist with drafting it. They provide good advice and guidance on best practices and what to be mindful of.
For example, it is advisable to make provision for minor children to receive their inheritance through a testamentary trust structure. Failure to do so may result in their inheritance being transferred to their guardian or the State Guardian's Fund.
We help thousands of people every month to quickly and effectively put their wills in place and assist in securing their legacies.
Complex wills
People with more complicated estates, multiple assets, investments, and potentially foreign interests will need to consider various factors when drafting their will. Taxation, asset transfer and the foreign administration of their estate with multiple stakeholders require an in-depth technical understanding of estate administration and tax legislation. Any mistakes in the estate planning process can have serious implications for your beneficiaries and jeopardise your legacy. Factors to consider include:
- A divorce settlement with a former spouse and/or child support
- Stepchildren or other individuals to whom you provide financial assistance
- Multiple properties
- Specific bequests
- Existing trusts
- Business ownership and business interests, including the respective partnership agreements and business succession planning
- Foreign assets
- Previous inheritances
Eksekuteurs vir Boedels en Testamente assists clients with needs ranging from very basic wills to clients with a net worth amounting to hundreds of millions of rand.
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