WHAT to do when loved one dies without a will.
ABRAHAM LINCOLN, Martin Luther King Jr, Jimi Hendrix, Bob Marley, Kurt Cobain, Tupac Shakur, Barry White, Amy Winehouse and Prince are among a few celebrities who died without a will. We all know death is a part of life; why then do so many people put off writing a will until it’s too late?
“Dying without a will is called ‘dying intestate’. With no will indicating who should benefit from your estate, a law exists which dictates who will be entitled to inherit from the intestate estate,” explains Christel Botha, Alexander Forbes Fiduciary services manager. “This law is called the Intestate Succession
Act and sets out certain default rules as to who will inherit from the deceased estate and in what proportions. The appointment of an executor is also not that easy in this case. Where there is no will to nominate an executor, the court will have to determine whether any of the nextof-kin qualifies to take up the appointment. Currently the law prescribes that only a spouse, child or parent of the deceased may take up the appointment without dispensing security to the Master.”
Denne historien er fra April 14 - 27, 2017-utgaven av People Magazine South Africa.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra April 14 - 27, 2017-utgaven av People Magazine South Africa.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
A Glimpse Into A Prince's Charming World
What's home life like now for the future king?
Can Your Relationship Survive Addiction?
Loving someone with an addiction can be incredibly tough.
DRINKING YOURSELF TO Death
“FIRST you take a drink, then the drink takes a drink, then the drink takes you.” – F. Scott Fitzgerald
Vote Team Meghan & Harry
LIFE is a royal mess as Meghan and Harry call it quits on the crown.
With A Kiss...
TWENTY years of Oscar night shocks, triumphs and embarrassing moments!
One's Horrific Enough – She's Surviving Five!
She thought she had flu; it turned out to be so much worse.
Housebound By 20 Litres Of Fat!
A MOM is pleading for strangers to fund ife-changing surgery.
Geordie Shore's Scotty T Still Bankrupt!
Former Geordie Shore star Scotty T had been enjoying the lifestyle of the rich and famous a little too much and is still officially bankrupt, having been declared such nearly a year ago after reportedly owing creditors over R2.9-million.
Royal Secrets Revealed
Details the family doesn’t want you to know...
The Price Of Pet Insurance
We all love spoiling our pets but some of us have more money to burn on our fluff bums than others.