{"id":76,"date":"2020-08-01T15:25:25","date_gmt":"2020-08-01T15:25:25","guid":{"rendered":"http:\/\/www.elliottattorneys.co.za\/news\/?p=76"},"modified":"2022-06-14T16:43:27","modified_gmt":"2022-06-14T16:43:27","slug":"the-importance-of-wills-testaments","status":"publish","type":"post","link":"https:\/\/www.elliottattorneys.co.za\/news\/the-importance-of-wills-testaments\/","title":{"rendered":"THE IMPORTANCE OF WILLS &#038; TESTAMENTS"},"content":{"rendered":"<div class=\"nolwrap\"><p>As we get older and begin to accumulate wealth, one needs to make a decision pertaining to the distribution of your assets upon your untimely demise \u2013 as unfortunate a topic as this may be, it is imperative that it become one that is explored.<\/p>\n<p>During this period of the Natural Disaster and high chances of being inflicted with ailment, the necessity to have a prepared Will in place becomes extremely important, especially where one has a family and\/or dependants.<\/p>\n<p>In essence a Will details who will be the beneficiary\/ies to your estate.<\/p>\n<p>When drafting the Willyou will need to carefully decide who will inherit a specific asset from your estate.<\/p>\n<p>The Will is final (unless revoked) and cannot easily be contested.<\/p>\n<p>In this regard, strict compliance with the formalities established within our laws is imperative.<\/p>\n<p>Where individuals pass on without having executed a Will, potential complications may arise upon administration of the estate in terms of the laws of Intestate Succession.<\/p>\n<p>The laws of intestate succession (passing without a will) establishes which family members will inherit from your estate and in what proportion.<\/p>\n<p>The complications that may arise is that you may have certain family members whom you feel are not worthy, inherit from your estate, may have family squabbles erupt as a result, and may have family members with a higher financial need, unattended to and left destitute.<\/p>\n<p>One should not take their time or procrastinate the execution of a will \u2013 forward thinking in this regard is advocated.<\/p>\n<p>For further information in preparing your Will as well as Estate Planning, feel free to contact our office.<\/p>\n<div class=\"su-button-center\"><a href=\"https:\/\/www.elliottattorneys.co.za\" class=\"su-button su-button-style-default su-button-wide\" style=\"color:#000000;background-color:#FFFFFF;border-color:#cccccc;border-radius:10px\" target=\"__blank\"><span style=\"color:#000000;padding:0px 26px;font-size:20px;line-height:40px;border-color:#ffffff;border-radius:10px;text-shadow:none\"> CLICK TO BOOK A CONSULTATION<\/span><\/a><\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>As we get older and begin to accumulate wealth, one needs to make a decision pertaining to the distribution of your assets upon your untimely demise \u2013 as unfortunate a topic as this may be, it is imperative that it become one that is explored. During this period of the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":83,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-76","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.elliottattorneys.co.za\/news\/wp-json\/wp\/v2\/posts\/76"}],"collection":[{"href":"https:\/\/www.elliottattorneys.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.elliottattorneys.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.elliottattorneys.co.za\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.elliottattorneys.co.za\/news\/wp-json\/wp\/v2\/comments?post=76"}],"version-history":[{"count":2,"href":"https:\/\/www.elliottattorneys.co.za\/news\/wp-json\/wp\/v2\/posts\/76\/revisions"}],"predecessor-version":[{"id":203,"href":"https:\/\/www.elliottattorneys.co.za\/news\/wp-json\/wp\/v2\/posts\/76\/revisions\/203"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.elliottattorneys.co.za\/news\/wp-json\/wp\/v2\/media\/83"}],"wp:attachment":[{"href":"https:\/\/www.elliottattorneys.co.za\/news\/wp-json\/wp\/v2\/media?parent=76"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.elliottattorneys.co.za\/news\/wp-json\/wp\/v2\/categories?post=76"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.elliottattorneys.co.za\/news\/wp-json\/wp\/v2\/tags?post=76"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}