Ricochet News

EXPLAINED: Why do you need a will?

By Tracey Mouton - Mar 25, 2019
EXPLAINED: Why do you need a will?

Port Elizabeth - Contrary to common belief, wills are not only for the rich and wealthy. Anyone with some property and personal belongings that will remain behind when they pass on musthave a will.

A will is an essential part of a person's estate plan. It is the primary document for transferring your assets upon your death.

So, why do you need a will?

  • ensure that your assets go to the loved ones you intend on benefitting
  • ensure that minors are cared for
  • planning may reduce Estate Duty payable by your estate
  • ensure that professionals are appointed to administer your estate and carry out your will and wishes

Contact Bardine Hall at Goldberg & de Villiers Inc on 041 501 9800 to assist you to draft a will that meets your needs and wishes.

Follow more RNEWS articles, subscribe to our YouTube channel and for breaking news LIKE us on Facebook. For news on the Western Cape click here.