10 essential facts about Wills you need to know

EVEN when assets are substantial, the absence of a valid Will or the presence of multiple conflicting Wills can leave families facing uncertainty, delays, and legal complexities.

- FAEEZA KHAN

A Will gives you control over how your estate is distributed. Having a valid Will is not just about protecting your assets; it's about protecting the people you love and giving them clarity and certainty during a difficult time. South Africans should not take having a Will for granted. Contrary to popular belief, anyone, regardless of their social or financial circumstances, should document their wishes to safeguard their assets and ensure those wishes are honoured after death.

Here are some things about having a Will you should know;

1. If you die without a Will, the law decides for you.

In South Africa, the Intestate Succession Act determines who inherits if you pass away without a Will. This means your assets are distributed according to a fixed formula, not necessarily in line with your wishes.

2. Children under 18 cannot inherit directly.