Experts warn that failing to draft a Will can leave families facing months of uncertainty and significant financial strain after a loved one's death.
Up to 70% of South Africans die without a valid Will, leaving their families vulnerable to legal delays, inheritance disputes and financial uncertainty at an already difficult time.
According to Discovery Life, many South Africans still incorrectly believe that Wills are only necessary for wealthy individuals or older people, despite the fact that even modest assets can create complications if a person's wishes are not formally documented.
"Many South Africans still associate Wills with older or wealthy individuals, but the reality is very different today," said Gareth Friedlander, Deputy Chief Executive of Discovery Life.
"If you own any kind of assets, like a paid off second hand car, a bank savings account, unit trusts, or crypto assets, having a valid Will in place ensures your wishes are carried out as you intended."
