If you do not have a WILL:
- The Intestate Succession Act will determine who your heirs are and how much each will inherit. That might not be what you want.
- Nobody will know who you wanted as Executor. Your family members will have to agree on who the Executor must be. They may disagree or not be close by to sign a nomination. The administration of the estate will be delayed and might costs a lot more (because you did not state in a Will that the Executor is exempted from giving security).
- Your minor children’s inheritance will be held by the Guardian’s Fund at the Master of the Supreme Court until they are 18.
- Your minor children might be left without a guardian to support and assist them.