Estate Planning

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Estate Planning: Wills, Administration of Deceased Estates and Trusts

Death is inevitable, the reality is that anything can happen and it’s important for you to be prepared for it. Estate planning is imperative as whilst you are alive you decide how your assets will be distributed on your passing, and you’re taking considerable steps toward securing the financial future of the people that matter most to you in life.

A will (“Last Will and Testament”) is a formal, signed, written document, in which a person voluntarily sets out his/her instructions in unambiguous terms as to how their assets are to devolve following their death.

When a person passes without a valid will, their estate will devolve according to the Intestate Succession Act. This means that your estate will be divided amongst your surviving spouse, children, parents and/or siblings according to a set formula. This causes significant delays and administrative issues for your loved ones.

Winding up the estate of your loved ones can be such a poignant journey with many legal aspects. At SMA, we take care of the entire estate administration process removing the pressure from your loved ones and family.

Contact SMA, for more legal advice on administration of estates and related matters.