National Wills Week: Take control of your estate

National Wills Week: Take control of your estate

Podcast

National Wills Week: Take control of your estate

Podcast

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Without one, your estate will be distributed according to the Intestate Succession Act, which may not reflect your wishes and could create unnecessary complications for your loved ones. 

Gretchen Barkhuizen-Barbosa, Practice Head and Director, and Emily West, Director in the Trusts & Estates Law practice, highlight why having a will is crucial for effective estate planning. They highlight the following:

• Control and clarity: Nominate an executor you trust, outline their powers, and protect minor children through testamentary trusts.
• Asset and business management: Ensure smooth administration of complex assets, businesses, and foreign investments.
• Tax and liquidity planning: Reduce unnecessary taxes and ensure your estate can meet its obligations.
• Legally binding guidance: A will enforces your intentions, unlike a non-binding letter of wishes.

National Wills Week is a reminder to take a proactive approach to estate planning and secure peace of mind for your loved ones.

Click here to listen to the podcast.