3 Practical Steps to Ensure Effective Estate Planning in 2024 and Beyond

Have your Will drafted (or updated) by a professional The first, most essential step in your estate planning journey is to ensure that you have a valid Will in place. In South Africa, a valid Will determines who your beneficiaries will be and how your estate will be distributed when you pass away. Having a […]

What is a Life File and Why Should I Have One?

Fiduciary Specialists

The most important estate planning tool is a valid will. Having this in place allows you to decide who your executor is, who your beneficiaries are. In doing so it allows you some control on how your estate will be managed and distributed. While having a valid will is essential, it is not enough on […]

Protecting Your Unborn Beneficiaries: The Nasciturus Fiction

The South African law relating to a deceased person’s estate, and who their beneficiaries will be, is set out by legislation. If a person dies testate, or having left a will, their beneficiaries will be named in the will and the guiding statute will be the Wills Act 7 of 1953. If a person dies […]

What Are the Legal Requirements for a Valid Will in South Africa?

An essential part of an effective estate plan includes having a will drafted by an experienced professional to ensure that it meets all the legal requirements and is valid. The Wills Act 7 of 1953 sets out the specific requirements that a will must meet to be valid in South African law. The requirements for […]

Destroying or Forging a Will: Criminal Offences in the Administration of Estates Act

The Administration of Estates Act 66 of 1965 sets out the procedures that must be used in administering a deceased estate such as applying for the letters of executorship, acting as an executor, advertising an estate, compiling a liquidation and distribution account, dealing with claims against an estate and distributing the estate to beneficiaries. Section […]

What is Freedom of Testation and why is it important?

The principle of freedom of testation states that every person may legally decide what happens to their own estate after death. Practically, this means that everyone may create a will at any time throughout their life to make their wishes and instructions known when they die. A person who makes a will is known as […]

Estate Planning: Why You Should Create A Letter Of Wishes

Marsh Fidelity Letter Of Wishes

While most of us know that it’s important to plan for the smooth handover of your estate when you pass, not everyone considers how valuable it would be to leave a last letter. Did you consider one while conducting your estate planning? This letter – a ‘letter of wishes’ – is something that you attach […]