02/08/2021
Every person should have a will to avoid tax, legal and administrative problems for loved ones in time of sorrow. A will does not only appoint heirs, but also provides for administrative arrangements to simplify the process of administering your estate
Always use ordinary and clearly understandable language in your will. A complicated will can lead to arguments and even a court case over the interpretation. Remember to review your will regularly and amend it, or draft a new one whenever your circumstances change.
Persons involved in administering a will include the master of the high court, executor and, when minor children are involved, the guardian and trustee.
The master of the high court is a government official with the duty to overlook the administration of deceased estates and make sure that the benefits are properly distributed in terms of the will.
The executor is the person who will be responsible for the administration of winding of the estate, you can nominate an attorney, Bookkeeper, Auditor, banking institution or family member as executor. In all instances, the master will request a final account and report on how the executor dealt with every single possession and your money. The executor can act only within the confines of the will and the law.
The guardian is somebody nominated to get custody of minor children if both parents die.
The trustee is nominated to handle and administrate the funds inherited by minor children. The trustee must report annually to the master of the high court.
Call or whatsapp our office on 083 243 7426 for a consultation to draw up a last will and testament .
