Having a will is one of the most important parts of estate planning and ensures that your estate is distributed according to your wishes.
However, without a will in place, what happens to your estate after you die?
In this article, we explain the rules of intestate succession.
Intestate succession is the law that applies when someone dies without a will, leaving their estate behind without instruction on how to distribute it.
If you die without a will in place, your estate will be distributed according to the Intestate Succession Act, and the following rules apply:
As it currently stands, surviving partners who were not married to the deceased and adopted children do not have any claim to a deceased’s estate, unless there is a will in place which nominates them as beneficiaries.
However, in one of our previous articles, we looked at how this law was challenged in the Constitutional Court and discussed the outcome.
If you have assets and a family, you should have a will. A will ensures that your estate is distributed according to your wishes.
For assistance with setting up a will, or if you are looking to nominate an executor of your estate, our attorneys are available to assist you.
Contact us to find out more.
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