Writing in Personal Finance, Phia van der Spuy stresses that every South African should have a valid, up-to-date will to ensure their wishes are clearly expressed after death. She warns that outdated or unclear wills can result in disputes, costs and delays in administering estates.
Estate planning involves five key elements, including protecting assets, safeguarding against unnecessary taxes and ensuring the smooth transfer of an estate. Phia encourages people to obtain professional advice and regularly review their wills.
Read here.
Phia is a Chartered Accountant, TEP®, FPSA® and founder of Trusteeze