Personal Finance: Why you shouldn’t DIY your will – the value of expert advice
The Best of the Money Show · Radio 702
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Show Notes
Stephen Grootes speaks to Sharon Hamman, senior legal adviser at Momentum, about the complexities of estate planning and the risks associated with drafting a will without professional guidance. In the South African context, a will must meet strict legal requirements, but more importantly, it must be practically executable, ensuring there is sufficient liquidity to cover debts, taxes, and administration costs. Without proper structuring, estates can be exposed to unintended consequences such as assets being sold to meet tax liabilities, disputes among beneficiaries, or distributions that don’t align with the testator’s wishes under intestate succession rules.
The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.
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