Estate planning is not just for those about to die, or the wealthy ones.

Besides accepting death as a certainty, we must recognize its unpredictability and plan for it.

The benefits of estate planning are many:

• To achieve speedy probate process and payment of estate duty, thus freeing up your assets.
• To distribute one’s wealth according to one's wishes and avoid transfer to unintended beneficiaries.
• To protect the estate against creditors.
• To achieve family unity and avoid disputes.
• To obtain the best terms for assets like business ownership.
• To provide sufficient liquid assets so that real property and businesses and shares can remain intact or be disposed at favorable times.

There are many benefits of preparing a will even if there is no estate duty. Otherwise, your assets will be distributed by a prescribed allocation method under Intestate Succession. (i.e. dying without a will). Do you know that only half of your assets will go to your spouse and the other half to your child (or children)?

Contact us for professional advice on estate planning