Service
Wills & Estates
It is of vital importance for those that remain on after one’s passing, that the deceased has left a validly executed Will drafted by an aptly qualified professional.
In this regard, our firm’s Wills and Estates Department offers a comprehensive range of services in association with various experts, where required, in relation to the:
- Preparation, advice, and execution of Wills.
- Drafting of Wills.
- Estate Duty Planning.
- Interpretation of Wills.
- Challenging/opposing the validity of Wills.
- Administration of Deceased Estates.
- Compilation of claims against Deceased Estates.
Wills & Estates
FAQs
Why is it important to have a valid Will?
A valid Will ensures that your assets are distributed according to your wishes after your death. Without a Will, your estate will be administered according to the Intestate Succession Act, which may not reflect your intentions. A properly drafted Will also simplifies the estate administration process for your loved ones.
What happens if someone dies without a Will?
If a person dies without a valid Will, their estate is distributed in terms of South African intestate succession laws. This means that assets are divided according to a predetermined legal formula among surviving relatives, which may not align with the deceased’s personal wishes.
How long does it take to wind up a deceased estate?
The administration of a deceased estate typically takes 6 to 12 months, depending on the complexity of the estate, the nature of the assets involved, and the efficiency of required approvals from the Master of the High Court and other institutions.
What does an executor of an estate do?
An executor is responsible for administering the estate of a deceased person. This includes identifying assets and liabilities, paying debts, preparing liquidation and distribution accounts, and ensuring that assets are distributed to the rightful heirs or beneficiaries.