Living Will

A living will is a written instruction that details your wishes about medical treatment in future circumstances when you might not be able to make informed decisions or give your consent. To create a living will, you must be over the age of medical consent and sound of mind.

Having a living will in place spares your loved ones from making life-or-death decisions like whether or not you want to remain on life support, for example. It will also let you have a say in specific medical procedures and organ donation. A living will can also reduce the financial burden on the family if you should ever be on life-support, especially when there is no reasonable chance of recovery. While it might seem heartless to put a price on life, there medical bills could be devastating for many families.

A living cannot state your instructions or directives for euthanasia or doctor-assisted suicide. You are entitled to request for specific treatments to be withheld or withdrawn, but you cannot ask a doctor to end your life

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How to ensure your legacy with a Will

Offshore Will

As a South African resident, your estate is comprised of all your assets, irrespective of where they are located around the world. However, managing a deceased estate across various jurisdictions if you only have a South African will is often complex, time consuming and expensive.

To streamline this process, avoid unexpected tax implications and unique inheritance rules, specialist offshore estate planning is vital. Similarly, getting expert advice about different tax regimes when drafting your will or structuring your estate, so that you can do so as tax efficiently as possible, is critical.

As a foreign investor, you can consider various estate planning options:

  • foreign wills
  • offshore trusts and companies
  • offshore investment wrappers

Speak to a qualified financial advisor to learn more

Here are your 5 simple steps to a lasting legacy:

01. When to review your legacy plan and update your will

Changing circumstances may dictate the need to change your will or update your estate planning. Here are examples of life events when you may consider reviewing – and/or changing – yours.

02. Plan an effective Will

The heart of an estate plan is determining what will happen to your property if you become incapacitated or when you pass away.

03. Prepare to create/update your Will

Having a professional will prepared is an important part of your legacy planning. It is an important legal document that has a significant impact on how your family, or those dearest to and dependent on you, live after you die.

04. Other types of Wills

Understanding the differences between Living Wills and Offshore Wills is critically important to motivate the right decision for you and your family.

05. Using a Trust in planning your legacy

Inter Vivos or Testamentory Trusts – what are they and how do they influence the planning of your Will?

01. Time

01. When to review your legacy plan and update your will

Changing circumstances may dictate the need to change your will or update your estate planning. Here are examples of life events when you may consider reviewing – and/or changing – yours.

02. Plan

02. Plan an effective Will

The heart of an estate plan is determining what will happen to your property if you become incapacitated or when you pass away.

03. Prepare

03. Prepare to create/update your Will

Having a professional will prepared is an important part of your legacy planning. It is an important legal document that has a significant impact on how your family, or those dearest to and dependent on you, live after you die.

04. Types

04. Other types of Wills

Understanding the differences between Living Wills and Offshore Wills is critically important to motivate the right decision for you and your family.

05. Trusts

05. Using a Trust in planning your legacy

Inter Vivos or Testamentory Trusts – what are they and how do they influence the planning of your Will?

The Lasting Gift Guide to Estate and Financial Planning

The Lasting Gift Guide to Estate and Financial Planning is designed to help you understand the impact of what you leave behind, what you choose to give away, and all the complexities surrounding them.

Ecsponent Wills Guide