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WILLS
Where there ’ s no will , there ’ s drama . Chaos . Melodrama . Trouble . Rivalry . Disbelief . Conflict . Greed . Resentment . Bitterness . Frustration . Heartache . A Family Feud .
Here is what could happen if you don ’ t have a will - Get free will drafting Your estate gets distributed according to South African law and not according to your wishes . This means people you may have wanted to inherit something won ’ t , and those you didn ’ t want to , might .
If your Will hasn ’ t been updated from your previous marriage , or you aren ’ t currently married to your partner , they may be left with nothing . Instead of your children receiving their inheritance , it could pass directly to the Government Guardian ’ s Fund .
Ugly feuds that could split families could result from relatives and loved ones fighting over the distribution of your estate .
Without a Will-nominated professional executor , your estate could take years to wind up , and the Government will be in control of the entire process .
Your estate gets distributed according to South African law and not according to your wishes . This means people you may have wanted to inherit something won ’ t , and those you didn ’ t want to , mightIf your Will hasn ’ t been updated from your previous marriage , or you aren ’ t currently married to your partner , they may be left with nothing . Instead of your children receiving their inheritance , it could pass directly to the Government .
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SA Real Estate Investor Magazine APRIL / MAY 2023 78