Here are four reasons why it is important to have a last will and testament:
To nominate an executor and trustee who will assist the family during their time of bereavement in order to give them peace of mind, knowing that there is a responsible person taking care of your affairs.
Here are a few tips when choosing an executor:
You are in control of how the prescribed abatements will be used to your advantage. This will minimize the death duties payable to SARS when you die.
Finally, and, perhaps most important, what happens should you die without having a valid last will and testament?
The intestate succession act applies and this means:
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