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What happens if you die without a valid will in South Africa?
In this video we are going to discuss what constitutes a valid will, and what happens to ones assets such as property, vehicles, cash, investments and other belongings when one dies without a valid will in South Africa.
So what is a will and what constitutes a valid will in South Africa? These are very important questions to answer because you may think you have a will but if it is not valid, it is a good as if it doesn't exist.
In essence, when you die without a valid will, you let the rules of the state decide who gets to inherit your assets.
This can result in a prolonged process to wind up the estate and bitter family disputes which can lead to vulnerable groups such as women and children being left destitute.
To avoid this, it is very important to draft a will. Ideally you want to draft your will with the assistance of a licensed financial planner.
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Music Used in this Video:
Song: Inspire
Music: www.bensound.com
License Type: Free License
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DISCLAIMER
I am not a financial advisor. The content in this KZfaq channel is only for educational purposes and should not be taken for financial advice. You and only you are responsible for your financial decisions and must therefore conduct your own research and seek the advice of a licensed financial advisor if necessary.
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