We promise all our exclusive clients total transparency, a collaborative approach to their estate planning and a fierce commitment to quality advice and world-class administration. This, coupled with a strong culture of accountability is what sets Cornerstone Fiduciary Services apart from its competitors. Beyond the implicit legal obligations that come with fiduciary duties; honesty, integrity and faithful execution are key to ensuring that financial legacies are protected at all costs.
Our diverse team offers support and guidance while respecting all cultural, generational and religious aspects of estate planning. We are the modern and preferred estate planning and fiduciary services solution for high-net-worth individuals from top South African entrepreneurs to 30-something professionals just starting on their wealth journeys.
The Importance of Drafting a Will
A will is one of the most important documents that you can create because it ensures that your final wishes are fulfilled and executed correctly after your passing. A will contains instructions for your loved ones around your wishes regarding your assets (e.g. house, property, money in the bank, savings or investments). More specifically, a will describes who should receive which assets or specifies the amounts of funds to be dispersed.
Making sure that your will is professionally drafted is equally important. A will containing confusing or unclear instructions can lead to challenges and legal action from people who may feel that they are not getting what they should. This may result in increased costs for your estate in terms of any potentially unnecessary legal fees, estate duty or income tax.
Your will is one of the cornerstones of your financial and estate planning. Often, individuals will have sufficient life, death, disability and other risk covers in place – but no proper instruction on how to deal with the funds from these products when they payout. Such provisions include, for example, setting up a testamentary trust for minor children and having the life insurance paid into the trust for their education and well-being.