THIS IS A BOOK THAT ANYONE WITH ASSETS SHOULD READ

Discretionary Living Trusts A legacy for generations

Written by Trust Specialist, Mervin Messias, it is the culmination of knowledge and expertise that has been acquired over many years’ study and practice of Trust law.

The author recommends the use of Trusts as part of estate planning because they provide solutions to many potentially complicated problems related to asset protection, succession planning, and disability protection. Many little-known benefits of Trusts are revealed to help protect your hard-earned wealth for generations to come. A Trust circumvents the whole process of winding up an estate, together with its potential delays, hassles and frustration.

In fact, a Trust deserves pride of place in any estate plan. It means business as usual, even after death, with no executor, executor’s fees or estate duty.

Read all about it!



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    Avoiding Will Disputes

     

    Avoiding Will Disputes

    Avoiding Will Disputes

    Here is some necessary information.

    Will disputes can occur when a person has died. The deceased individual’s estate has to be divided. It is essential to keep in mind that even if the deceased has a valid will, his family members might still have a will dispute.

    One common will dispute is when the beneficiaries do not agree on the disposition of the estate property. Sometimes, families can argue about whether they need to sell the family home or whether the family home needs to remain in the family. How can this issue be solved? The beneficiaries who would like to keep the home have to buy out the interest of the beneficiaries who would like to sell the home.

    Another common will dispute is when the heirs, or potential heirs, mention issues with the will. It is not advised for people to make a will themselves or to make use of informal wills. These wills might be more prone to being challenged since they might not be clear about the wishes of the deceased.

    Creating a valid will before you die is so essential. Make sure that you consult with a lawyer if you are going to create a will.

    How to avoid will disputes:

    • Paying for a proper will is essential.
    • Make sure that your will is reviewed.
    • Speaking to your family is crucial. A dispute can be avoided later on, if you talk to your family while you are alive, and explain your intentions to them.

    You may think that one of your beloved family members won’t contest your will. Do not overlook the possibility of a family member deciding to contest your will.

    These are all very useful points for you to keep in mind when it comes to avoiding a will dispute.

    The last thing that you would want to happen is for your family members to have disputes over your will and fight over your will. Disputes over a will can really upset many of your family members. Avoiding a will dispute is the best solution for your beloved and dear family members.

    DR MERVIN MESSIAS
    JD (Juris Doctor) / BA, LLB (Wits) / TEP (Trust & Estate Practitioner) / MTP (Master Tax Practitioner – S.A)