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If you die without leaving a valid will, your estate will devolve according to the Intestate Succession Act. This means that your estate will be divided among your surviving blood relatives (as well as adopted children). If there aren’t any, your estate will go to the State according to a certain formula.
Having a will is important because it explains exactly how your assets should be distributed and who will take care of your children if you die before they become legal adults. It can save your loved ones money, time and stress trying to sort out all the admin that comes with a deceased's estate. Scorpion provides their members with a basic will free of charge so they can be sure that their estate is protected. To find out more visit www.scorpion.biz.
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* This is only a broad outline and should not be relied on solely. The law of intestate succession is a lot more complicated and there are many influencing factors that can change the above.
Date added: 27 June 2022
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