Fiduciary Services
Having a will has many advantages – it protects the inheritance of children under 18, Establishment of
a trust for the sole benefit of your children ensures you can avoid governmental guardian fund fees,
a letter of wishes means no second guessing for those you’ve left behind they’ll be aware of your
wishes, you will save on estate duty with proper planning and having a living will is a necessity. Let us
help you and your employees with the important task of leaving a legacy.
WILLS
What is a will and why do I need one?
- A Will is a written document in which a person can determine how his/her assets are to be distributed after his/her death and to communicate last instructions to various people and institutions.
- There cannot be effective succession or estate planning if a valid Will is not in place.
- A Will should ideally be comprehensive, yet simple. References in a Will to assets and other matters should be clear and unambiguous.
- Every person of the age of 16 years or more, may make a Will, provided they are capable of understanding the nature and effect of their act.
- A Will should be regularly reviewed to ensure that it always reflects one’s current circumstances.
Advantage of having a will & testament
- To avoid the application of the laws pertaining intestate succession.
- To allow the testator/testatrix to choose his/her heirs.
- To prescribe the conditions upon which an asset is to be inherited.
- To appoint Executors and Trustees who are responsible for the smooth and sufficient transfer and administration of assets on the death of the testator/testatrix.
- To apply safeguards to protect an heir’s inheritance.
Advantage of having a will & testament
- To avoid the application of the laws pertaining intestate succession.
- To allow the testator/testatrix to choose his/her heirs.
- To prescribe the conditions upon which an asset is to be inherited.
- To appoint Executors and Trustees who are responsible for the smooth and sufficient transfer and administration of assets on the death of the testator/testatrix.
- To apply safeguards to protect an heir’s inheritance.