Everything Counts | Ep 20: Understanding Wills - Part 1
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In this episode, Lieze-Marie Brink and Jacques Van Niekerk from the Investec Tax and Fiduciary team discuss the key aspects of estate planning and drafting a will in South Africa. They cover what should be included in a will, how to get started, and the importance of updating it after major life changes.
Jump to topics of interest
00:00 Introduction
01:30 Why wills are important
02:45 The cost of a will
03:35 What happens if you don’t have a will
04:15 The laws of interstate succession
05:00 What makes a will valid in South Africa?
08:00 Where to start with drafting a will in South Africa
08:45 How often do you need to update your will
12:30 Consider your marriage regime when drafting your will
14:30 Religious provisions in your will
15:10 Joint wills
17:00 Will vs letter of wishes
19:00 Offshore assets and jurisdiction
21:30 Where should wills be kept?
23:00 The importance of talking to your loved ones about deceased estate administration
Jump to topics of interest
00:00 Introduction
01:30 Why wills are important
02:45 The cost of a will
03:35 What happens if you don’t have a will
04:15 The laws of interstate succession
05:00 What makes a will valid in South Africa?
08:00 Where to start with drafting a will in South Africa
08:45 How often do you need to update your will
12:30 Consider your marriage regime when drafting your will
14:30 Religious provisions in your will
15:10 Joint wills
17:00 Will vs letter of wishes
19:00 Offshore assets and jurisdiction
21:30 Where should wills be kept?
23:00 The importance of talking to your loved ones about deceased estate administration
