Beware The Hidden Cost Of Free Wills

Beware The Hidden Cost Of Free Wills

Siyatec Executors specialises in the winding up of deceased estates. We have simplified the process to only a few easy steps. Most of these steps can be done online without the need to take time from your day to meet with us. The best part of our service is that our fees are the lowest you will find in the industry.

Many clients approach us to assist with the deceased estate of a loved one. We are only happy to assist but, unfortunately, there are times when the deceased signed a Will with a large financial institution. These Wills are often drawn by the financial institution free of charge as the testator is an existing client of theirs. However, beware, if the financial institution has nominated themselves as Executor, only they will be allowed to apply for Letters of Executorship from the Master. Your family will then have to pay the financial institution the normal Executor fee of 3.5% of the total value of the estate. If a deceased person has unknowingly nominated a financial institution as the Executor we will not be able to assist with winding up the estate.

Avoid this pitfall by ensuring that you nominate a family member as an Executor, who will then be able to select their own professional when the estate needs to be wound up. At Siyatec Executors we are able to assist you with your Will through our convenient Online Will’s Consultation.

Siyatec Executors can assist you in reporting a deceased estate to the Master’s Office. Give us a call, send us a Whatsapp, complete our online consultation or send us an email to start the process.

Author: Wafiq Davids (B SocSci, LL.B.)
Attorney, Notary, Conveyancer and Legal Consultant at Siyatec Executors

Send us your query