Wills and Trusts

The Importance of a Valid Will

A will is a legal document that outlines your wishes regarding the distribution of your assets and the care of any minor children after your death.

In South Africa, the absence of a valid will can lead to unintended consequences, as your estate will be distributed according to the Intestate Succession Act. This may not align with your wishes and could cause unnecessary stress for your loved ones.

Having a valid will in place allows you to

  • Appoint an executor to administer your estate

  • Nominate beneficiaries and dictate the distribution of your assets

  • Appoint guardians for minor children

  • Minimize potential disputes among family members

  • Potentially reduce estate taxes and other costs

Establishing Trusts

Trusts are legal entities that hold and manage assets for the benefit of designated beneficiaries. They can be an effective estate planning tool in South Africa, providing protection, control, and tax efficiency.

Trusts can be established during your lifetime (inter vivos trusts) or upon your death through your will (testamentary trusts).

The benefits of having an established trust

  • Asset protection from creditors or in the event of divorce

  • Ensuring continuity of asset management during incapacity or after death

  • Providing financial support for beneficiaries with special needs or minors

  • Minimizing estate taxes and probate fees

  • Control over the distribution of assets according to your wishes

How TRG Can Help?

Our team of independent financial advisers at TRG will work closely with you to understand your unique circumstances, goals, and concerns. We'll provide expert guidance in creating a comprehensive estate plan, including drafting or updating your will and establishing trusts tailored to your specific needs.

Begin the process of securing your legacy and providing for your loved ones by scheduling a free, no-obligation consultation with one of our experienced advisers today.