Advocate Monica Moodley joins us to give her perspective on wills. Everyone, at all stages of life, should have a will. If you die without a will, your estate which is defined as the assets (or debt) you own at time of your death, will be distributed in terms of the Intestate Succession Act. Monica explains the requirements for a valid will, and when you should consider getting legal advice to create a will. If you have children, it is even more important to have an up to date will, that includes instructions for the child’s legal guardian. Your marriage regime (whether you are married in or out of community of property and whether accrual is applied) has a significant impact on your will and estate. Also important to note is that retirement funds are treated differently from your estate, and are distributed according to the trustees decision. Monica explains what happens if you die with debt and the difference between a living will and a regular will. Disclaimer: Old Mutual Life Assurance Company (South Africa) Limited is a Licensed Financial Service Provider. This material is not intended as and does not constitute financial advice  or any other advice and is neither exhaustive nor prescriptive. It does not take into account your personal financial circumstances. Your financial adviser will assess your financial situation and needs and assist you to draw up a plan to help you achieve your financial goals. The views expressed by the contributor are his or her own (as an independently registered financial services provider, financial adviser or other independent capacity), and not necessarily endorsed by Old Mutual (as a separate financial services provider).Join us on twitter for real conversations about family finances:@FamFinanceShow@DianaGranouxWebsite: www.familyfinanceshow.comSubscribe on your favourite podcast platform:https://podlink.to/FamilyFinanceShow 

Ver todos los episodios