Having a Will gives you peace of mind. It streamlines the winding up of your estate and ensures that your wishes are carried out. It’s also an opportunity to take stock of your financial position and address any shortfalls or potential problems.
A Will allows you to clarify matters, ask questions, and clear up any misconceptions about the distribution (devolution) of your assets. This is especially important if you have minor children, have been divorced, or are married in community of property. Understanding the legal implications ahead of time gives you the chance to plan your affairs in a way that benefits your chosen heirs.
If you have minor children, you can set up a Trust for them in your Will. This ensures they are financially cared for and have access to funds for their maintenance with minimal hassle. Without a Will, any funds due to minor beneficiaries must be paid into the Guardian’s Fund at the Master of the High Court. These funds can only be accessed by their legal guardian, who must complete forms and provide supporting documents for each request – something that can easily be avoided by appointing a Trustee in your Will. The Trustee can then make the necessary arrangements for maintenance payments with far less paperwork.
Your Will also includes the appointment of your Executor – the person responsible for administering your estate. When a person passes away, their assets are frozen and cannot be dealt with until an Executor is officially appointed by the Master of the High Court. Having a Will that names your Executor helps to minimise this delay.
Bereavement is a stressful time for everyone. Having a Will in place makes things easier for your loved ones, giving them someone trustworthy to turn to for advice and support. Your Executor will guide them through the process and handle all the necessary paperwork.
So, don’t delay – call us today to book an appointment.
(Or contact us via our website – see below.)
Paula Bongers
PROACTIVE WILLS & ESTATES
For personal service with empathy, experience, and efficiency.
📞 Tel: 021 551 1741
📠 Fax: 021 551 1742
📱 Cell: 073 217 2644
🏢 The JFA Building, 138 Democracy Way, Milnerton, 7441
📮 P.O. Box 300, Milnerton, 7435
✉️ Email: legacy@pwae.co.za
🌐 Website: www.proactivewillsandestates.co.za
