All too many South Africans have died without a will \u2013 which is fundamental in leaving a legacy for their children and grandchildren. Legacies and bequests can be an important source of income. <\/p>\n\n\n\n
According to the Office of the Master of the High Court, 70% of South Africans do not have a will. Apparently, the number continues to increase. <\/p>\n\n\n\n
It is important to understand that a will stipulates someone\u2019s final wishes, which could be very specific. <\/p>\n\n\n\n
In some cases, for instance, a person can decide to donate to charity. Some South African charities provide premade codicil forms that you can fill in. <\/p>\n\n\n\n
However, leaving money to charity can be contentious if family members stand to lose out. For non-profit organisations, this can create legal headaches and costs, especially if the will is later contested in court by the seemingly indignant family. <\/p>\n\n\n\n
\u201cDonations or a collection at the end of (or at) a funeral or wake is customary in many traditions. <\/p>\n\n\n\n
\u201cHowever, this places a burden on the family of the deceased having to collect the money and make the donation to the charity at a time when they themselves have other things to worry about,\u201d said Jannie Smith, regional manager of GivenGain in sub-Saharan Africa. <\/p>\n\n\n\n
Having a will in place helps to resolve any disputes. <\/p>\n","protected":false},"excerpt":{"rendered":"
All too many South Africans have died without a will \u2013 which is fundamental in leaving a legacy for their children and grandchildren. 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