If you don't, your assets will be divided according to the Intestate Succession Act, No 81 of , after your death. This could mean that persons you would have preferred not inherit from you, could inherit. Your will therefore determines the future of everything that you've built up through the years — and your heirs can be directly disadvantaged if you don't plan correctly. Estate duty, income tax, VAT and capital gains tax CGT can take a big chunk out of your estate if your planning is wrong.
If you suspect that your will might be more complicated for instance because there are children from a previous marriage, complex business arrangements and specific wishes , contact us.
The executor of your estate must administer your estate in terms of the Administration of Estates Act 66 of , and any other relevant Acts, and execute your estate in accordance with the stipulations of your will or Intestate Succession Act, when applicable under supervision of the Master of the High Court.
The executor is the company, firm or person that you appointed in your will. The appointment of an executor is a big responsibility. You may appoint your spouse, but this is in most cases not a good idea, since your spouse could be emotionally shattered and not ready to take important financial decisions. Without the necessary knowledge, your spouse will also not know where to get the best advice or service. Your spouse may be exposed to someone serving his own interests, in which case the estate's chequebook might end up in the wrong hands.
Approaching a reputable company or section of a company specialising in wills, estates and trusts is a much safer idea:. As a leading trust company in South Africa, Sanlam Trust offers expert management of deceased solvent estates and living and testamentary trusts.
Sanlam Trust can act as executor of your estate and trustee of your trust. Should you choose Sanlam Trust to act as the expert executor of your estate, a nominal annual fee of R This amount covers the administration costs and safe keeping of your will in a vault.
The content of a Shariah will is fixed and complies with Muslim or Islamic laws. If you would like to compile a Shariah will please contact us. If you or your beneficiaries have any queries or would like to make changes to the will, please contact us. A high percentage of estates turn out to be insolvent, with debts exceeding assets, and despite having a will, your dependents are then left with nothing.
We recommend that you contact one of our advisers to get a picture of exactly what cover will best suit your individual needs or get an online insurance quote.
How it Works Step 1: Select Your Type of Will. Your first step is to select either a single or joint will. Sanlam Trust is able to act as the executor of your estate and will provide the following: Every service generated a downloadable PDF, and some delighted us with a built in review process.
The best news of all? They took less than an hour to complete. All of them offered legally binding documents and each service explains their guarantee of validity. For additional security, we recommend you have an attorney review the final document. If you live outside the U. In March , we reviewed three services: Rocket Lawyer, LegalZoom and Willing. Rocket Lawyer and LegalZoom have been around for more than a decade and offer many options, security and functionality.
Willing is a new entrant in the online document creation field, and offers a friendly interface, and basic functionality.
Comprehensive, secure, quality support, documents available immediately for download, and low cost if you get it done in a week.
One week to get your shit together for free is a great deal! After you complete the intake questionnaire, all your documents are available for download. The thorough online questionnaire will take you 30 minutes or more, but once completed it contains not only all the contact information for the key roles, but also sets up a trust for your children, distribution of assets, pet coverage, final remains wishes, and stores digital asset information including account numbers and passwords -- if you want to record them.
It is the most comprehensive of the services we reviewed. Rocket Lawyer will store your documents for a fee with Document Defense and they do not sell or use your personal data. The document is in PDF form -- and even if you cancel your free trial you can sign back in and re-start and edit your. Live chat, phone support. In the questionnaire, you can leave questions for an attorney who will email you within one business day.
There is plenty of built in support, including detailed answers to questions and extra explanations for terms like assets, definition of trust, or examples of gifts. Editing your answers is relatively easy, although you do revisit all the steps to find the answer you want to change. Rocket Lawyer allows you to edit your document at any time. If you have cancelled your account, they still keep your sign in and make your documents available.
This could be really useful if you want to update a guardian, or change contact information or gift details. Does not include extensive contact information or digital account information. You have to wait up to four days for their staff to review your document before it is available for download.
None of these documents are available immediately for download-- LegalZoom staff reviews the documents which can take up to four days. Ours took less than 24 hours. They also provided helpful documentation to go along with the living will. Their questionnaire is short and took less than ten minutes to complete.
It is simple and straightforward and includes helpful explanations..
Do Your Own Will Online. Since that time, we have helped millions learn more about Wills and complete their own simple Will online. csample.ml provides the only truly free estate planning documents on the web. Get In Touch. Because we are not a law firm, we cannot provide legal advice and any questions regarding legal advice or.
LegalZoom is the nation's leading provider of personalized, online legal solutions and legal documents for small businesses and families. Form an LLC, incorporate a business, make a will, register a trademark, get legal advice, and more online.
The Nolo's Online Legal Forms Will is a straightforward, legally valid document. It should work well for most people with typical assets such as a house, a car, savings, and investments. It's always fine to make a simple will -- everybody needs one. A Last Will and Testament is an important part of your estate planning. Using this printable Will form, you can ensure your assets are distributed as you wish and that your children and pets are provided for.
Most online software programs for wills also let you go back into the will and make changes or additions to the document as you see fit. The cost of making an online will usually ranges from about $20 to $ Now, there are plenty of online ways to create a will or trust, many of which take less than an hour from start to finish. Here's an easy guide to writing a will on your own—often for much less.