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A document incorporating the instructions (will) of one person, which deals with the disposal of his/her estate at his/her death.
A single will is a document incorporating the instructions of one person, which deals with the disposal of his/her estate at his/her death.
A joint will is a document incorporating the instructions of two persons, which deals with the disposal of their estates at the death of either or both of them. At the death of the first person, it is advisable that the surviving spouse should renew their will as soon as possible.
Should you wish to avoid the red tape, we would advise you to draw up two single wills right from the start.
Provisions will be made for (your) children even if you don’t have any or don’t plan on having children. Provision is also made for the offspring of children who may have passed on. Should your entire family pass away, 50% of your assets will be left to your parents and 50% to your in-laws.
In the unfortunate event of your death, the following person will be appointed as the legal guardian for your children:
With your permission, Sanlam Trust will debit your account with an annual safe custody fee of R57.50. Please provide the details of the relevant bank account:
A high percentage of estates turn out to be insolvent, with debts exceeding assets, and despite having a will, your dependents may be left with nothing. Even worse, your dependents can be left with outstanding debts to repay. You can prevent this by ensuring that you have sufficient life cover.