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The Living L&D
A liquidation and distribution account (L&D) is prepared as part of the deceased administration process.
On average the administration of a deceased estate takes six to 13 months to finalise before anything may be distributed to the heirs. In complex matters or matters with large cash liquidity issues or family disputes, winding up the estate may be delayed by several years. The only person with the knowledge to speed up and simplify the estate administration process is the very person who will not be there to answer the questions when the time arrives to ask them. The wrong answers to these questions can mean that the successful transfer of wealth from one generation to the next fails.
To ease the process and prevent complications, we offer the Living L&D Programme, which pre-empts the process of administering your future deceased estate and the transfer of your wealth to your heirs, while you are still alive. In this manner, the planning process and the administration process become a unified planning event, pro-actively preparing for the eventuality of death.
Drafting of Wills
We provide Will drafting services to ensure that your intentions and wishes are properly recorded in a Will to ensure the protection of both your estate and beneficiaries.
Our services also entail that you are advised regarding whether you require one worldwide Will to deal with your assets or whether you require a foreign Will to deal with assets in a particular jurisdiction. You may require a foreign Will depending on several factors which include how many jurisdictions your assets are situated across, the laws of the jurisdiction(s) in which your assets are situated and the size and nature of your assets in a particular foreign jurisdiction.
Leaving behind a clear and valid Will is also being kind to your loved ones, by making the division and winding up of your deceased estate just a little bit simpler.