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SCHALK GOUWS
schalk@newtons-sa.co.za
Estate Planning

You could spend a lifetime putting your apples in one basket so make sure they are not squandered at death!

A will is a legal document which comes into effect when you die. The saying, “where there’s a will, there is a way” is true in every sense. Your will explains how and to whom your estate, which is everything you own at the time of your death, must be distributed. If no will exists, an estate will be wound up in terms of the law of intestate succession, and a person you never intended on benefitting may take a bite of your hard-earned possessions.

Important changes to your last will and testament need to be dealt with on regularly in order to give effect to your latest wishes. Examples of changes to consider include the birth of a new family member or the change in your marital status.

What are the advantages of having a last will and testament?

  • Ensures that your wishes are carried out
  • Save on estate duty with proper planning
  • Avoids higher estate administration costs
  • You can appoint your own executor
  • You can update your will at any time