Your last will and testament is one of the most important documents you will ever sign during your lifetime. Your will is an essential part of estate planning as it stipulates how you want your assets dealt with upon your death. Your estate refers to everything you own and owe, from property and cars to investments and debts. Proper estate planning will ensure that your estate is set up in a tax-efficient way that benefits you during your lifetime and your beneficiaries after you die.

A properly structured estate ensures that:

• There is enough cash to pay outstanding debts.
• There is an income (and capital if required) for your dependants.

The estate is distributed according to your wishes:

• Your business interests are protected.
• Taxes are minimised (e.g. estate duty and income tax).