The New Generation Will
Invest in your heirs giving them
all the benefits
If you have a will check what is
needed to maximise benefits to
your heirs
95% of estates can be distributed to heirs within 4 months
In 2002 the average time taken to finalise estates was 10
months. In 2012 that average time had increased to 18
months.
How would you react to your money being controlled by
others for the benefit of others for a period of 18 months?
The information in the graph below has been extracted from
Government Gazettes.
99% of financial instruments can be realised within 2 months if
need be. There is no need for any assets to be sold other than
where there are insufficient cash resourese to pay for funeral
expenses (R10,000) advertising the creditors notice (R1000),
the Master’s fee (R600) and the Liquidation & Distribution
notice (R1000) and then costs of having a person qualified to
prepare the returns if needed.
Where the surviving spouse is to inherit everything in terms of
the will the estate should be finalised within 3 to 4 months.
The Fiduciary Institute of South Africa and its members,
financial institutions, lawyers and accountants are responsible
for more the administration of more than 85% of estates.
The wills of 95% estate that takes longer than 4 months to
finalise were poorly construed or the testator appointed bad
and abusive executors.
The issues regarding extra estate duty and how to avoid the
extra for the benefit of heirs has been
need be. There is no need for any assets to be sold other than
where there are insufficient cash resourese to pay for funeral
expenses (R10,000) advertising the creditors notice (R1000),
the Master’s fee (R600) and the Liquidation & Distribution
notice (R1000) and then costs of having a person qualified to
prepare the returns if needed.
Where the surviving spouse is to inherit everything in terms of
the will the estate should be finalised within 3 to 4 months.
The Fiduciary Institute of South Africa and its members,
financial institutions, lawyers and accountants are responsible
for more the administration of more than 85% of estates.
The wills of 95% estate that takes longer than 4 months to
finalise were poorly construed or the testator appointed bad
and abusive executors.
The issues regarding extra estate duty and how to avoid the
extra for the benefit of heirs has been
The problem is either the will or the named executor.
If you would like a new generation will send an email to
john@yfcwill.co.za or visit the services page for details
