If you fail to nominate an executor, the Master of the High Court might be doing so. According to intestate succession, property will be distributed amongst your family (if no family, the State). RISKS = Failure by you to list, describe or decide on the distribution of your property to your heirs, will lead to confusion or even intestate succession. Nominate a legal guardian: family member, friend or colleague (name, identify number and contact details) nominated to look after your child (under the age of 18 years) when you die. Nominate an executor: family member, friend or professional (name, identity number and contact details) nominated to administrate your estate when you die.For example, Maria Pelser, sister, with identity number 8701290017083 will inherit the red Ferrari, 2005 model with registration number PPL 123 GP. Decide on distribution of your property: how you would like your property to be distributed to your heirs (full or partial).It is also possible to list alternative heirs, in case the original heir dies. For example, Maria Pelser, sister, with identity number 8701290017083. Make a detailed list of your heirs: the names and identity numbers of the persons to inherit your property (“heirs”), as well as the type of relationship with these persons.For example: a red Ferrari, 2005 model, with registration number PPL 123 GP and/or R50 000 held in an ABSA, savings account. Make a detailed list of your property: full description of the property owned.Before getting started on drafting your last Will and Testament, you must do the following:
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