F.A.Q - Estate Planning and Preventative Measures
Estate planning ensures your assets are distributed as you wish, minimizes estate duty, and protects your dependents’ future. It includes drafting a will, setting up trusts, and planning for taxes, reducing stress for your loved ones.
Ready to plan your estate? Contact Louwrens Koen Attorneys for expert guidance.
How Can a Trust Benefit My Estate Plan?
A trust protects assets, reduces estate duty, and ensures funds are managed for beneficiaries (e.g., minors). It can also avoid probate delays and provide for specific needs, like education or disability care.
Considering a trust? Contact Louwrens Koen Attorneys for tailored solutions.
What Should Be Included in a Last Will and Testament?
A will should specify asset distribution, name an Executor, appoint guardians for minor children, and outline any special bequests. It must comply with the Wills Act to be valid, ensuring your wishes are legally enforceable.
Need a will? Louwrens Koen Attorneys can draft a comprehensive document.
What Are the Risks of Not Having an Estate Plan?
Without an estate plan, your estate may be distributed under the Intestate Succession Act, leading to unintended beneficiaries, higher taxes, or disputes. Your dependents may face financial or legal challenges.
Unplanned estate? Louwrens Koen Attorneys can help you prepare.