Matthew Jacobs
September 13, 2023
Wills and Estates
Matthew Jacobs
September 13, 2023
Without a will and testament, the law considers you to have died without a plan. This means your estate will be handled in accordance with the provisions of the Intestate Succession Act, not your preferences. So, by making a will you ensure that your assets are distributed in accordance with your wishes after your death.
Having a will at the time of death does not only help with the administration of your assets but can also give your relatives ease of mind and a sense of security. Through the use of a will, you will be able to determine how your estate, which includes all your debts and assets moveable and immoveable, corporeal and incorporeal which you had at the time of death will be administered.
In order for one to have a valid will, certain requirements need to be satisfied as set out in Section 2 (1) (a) of the Wills Act 7 of 1953 (“the Act”). These requirements can be summarised as follows:
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