The passing of a loved one can come with stressful legal and financial concerns. Winding up a deceased estate can be a lengthy and challenging task. However, the assistance of a professional legal team can ease the burden.
Your last will is possibly the most important you will leave behind. The best way to ensure your will is legal and enforceable is to contact a legal firm like Bregman Moodley Attorneys Inc. They offer comprehensive estate planning services that include drawing up a will and managing deceased estates in Johannesburg.
A deceased estate comprises the movable and immovable resources of the individual when they die. By administering the deceased estate, ownership is transferred to the beneficiaries specified in the deceased’s last will.
The origin of a deceased estate
A deceased estate is established when a person dies, leaving property or a will. Bregman Moodley Attorneys Inc can help to ensure the estate is administered and distributed according to the will.
Wills and estates
Bregman Moodley Attorneys Inc encourages individuals to create a will to determine how their estate should devolve when they pass. When a person dies without a will, their estate will devolve according to the Intestate Succession Act, 1987 (Act 81 of 1987). In such an event, the deceased estate will be divided among the surviving spouse, children, parents, or siblings according to a set formula.
In addition, if you pass away without leaving a valid will, there will be additional costs to appoint an executor, which might take some time. The person appointed as executor may not be someone you’d have chosen yourself. Furthermore, your assets may be distributed in a way and to individuals you would disapprove of. Not having a will in place may also lead to discontent and fighting among family members.
Bregman Moodley Attorneys Inc will counsel you about any challenges that may arise regarding your will and, through our estate planning services, circumnavigate any potential issues.
Contact Bregman Moodley Attorneys for details
We offer comprehensive estate planning services for complete peace of mind. Please contact us for more information and assistance.