How to Draw up a Will in South Africa

Описание: Dying without a valid will could result in an estranged spouse or irresponsible family member receiving a portion of your assets which you may have preferred to bequeath to someone else.

So if you want to ensure that your preferred people (or organizations) benefit from the assets you leave behind when you finally pass on, make sure to draft a valid Last Will and Testament.

The formalities of drafting a will are rather strict in order to avoid fraud and impersonations. These formalities are contained in section 2(1)(a) of the Wills Act 7 of 1953.

They are relatively straight forward, but even a seemingly meaningless oversight may end up invalidating the entire document.

If you have any questions or comments regarding the drafting of wills and/or estate planning, please leave them in the comment's section below.

What happens if you die without a will in South Africa? Watch this video to find out:    • What Happens if You Die Without a Will in ...  

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Music Used in this Video:

Song: Inspire
Music: www.bensound.com
License Type: Free License

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DISCLAIMER

I am not a financial advisor. The content in this YouTube channel is only for educational purposes and should not be taken for financial advice. You and only you are responsible for your financial decisions and must therefore conduct your own research and seek the advice of a licensed financial advisor if necessary.

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