What should be in your last Will & Testament – the greatest gift you can leave your loved ones

Nearly 75% of South Africans die without a valid Will in place. This means that the deceased estate Will be divided according to the Intestate Succession Act, 1987 (Act 81 of 1987).  According to the Act, without a valid Will in place the assets of the deceased are divided according to a set formula among your surviving spouse, children, parents, or siblings. The lack of a valid Will is all-too common among South Africans. So, why don’t more people set up their Will?   Many people think they simply don’t qualify for a Will, but they’re usually mistaken.      You need a valid Will if...