Why every South African needs a will (and what happens without one)

Over 70% of working South Africans die without a valid will. That means the majority of families are left without a clear plan - at the worst possible time.

A will is not something reserved for the wealthy or the elderly. If you have a family, a home, savings, or even a social media account, you need one. It is one of the simplest, most powerful ways to protect the people you care about.

What happens when there is no will?

Without a will, your estate is divided according to South Africa's intestate succession laws — not your wishes. In practice, this can mean:

• Months of legal delays before your family can access funds

• Assets distributed in ways you never intended

• Family disputes during an already painful time

• Higher legal fees and unnecessary admin

We have seen it happen. A young father passed away unexpectedly without a will, and his family faced months of uncertainty — struggling to access basic financial support while grieving. A single document could have prevented all of it.

What a will actually does for your family

A properly drafted will gives your loved ones clarity when it matters most. It allows you to:

• Choose who inherits what — on your terms

• Appoint guardians for your children

• Select a trusted executor to manage your estate

• Minimise taxes, legal fees, and family conflict

• Preserve your legacy across generations

It is not just a legal document. It is peace of mind — for you and for them.

Avoid these common mistakes

Even with good intentions, wills can go wrong. Watch out for:

• Delaying the process — there is no "perfect time"

• Using vague language that creates confusion

• Forgetting to update after major life changes

• Choosing the wrong executor

• Overlooking debts, liabilities, or digital assets

• Relying on DIY templates without professional advice

• Not storing the will safely or telling anyone where it is

A note on executor fees

Your executor handles everything: paperwork, debts, asset distribution, legal processes. It is a significant responsibility.

Clearly outlining executor fees in your will is not just good practice, it is a safeguard. It ensures your estate is managed professionally and prevents tension among loved ones later. Transparency now protects relationships when it counts.

Start today. For them.

Estate planning does not need to feel overwhelming. Start with these steps:

1. Get a valid, professionally drafted will

2. Review and update it as your life changes

3. Talk to your family about your wishes

4. Consider a trust for added protection and control

5. Work with experts who make the process simple

At GIB Financial Services, our Fiduciary Division is here to guide you step by step, with clarity and care. Because your legacy deserves more than assumptions, and your family deserves one less thing to worry about.

Get in touch with GIB's Fiduciary team today at gib.co.za/personal/fiduciary-services

Or sign up for a FREE will today: Create a will now.