PODCAST | 75% of black South Africans do not have wills

Mudiwa Gavaza speaks to advocate Sankie Morata, a certified financial planner and CEO of Sanlam Trust

Wills as an instrument for better financial planning are the focus in this edition of Business Day Spotlight.

According to research by Sanlam, 75% of black South Africans do not have a will. Moreover, nearly half of those who don’t have one believe they don’t own sufficient assets to warrant estate planning. Another 45% indicate that they have simply not managed to get around to creating a will. Morata says that while some recent legal developments could potentially change things, dying without a will in place can still leave surviving dependants in a difficult position.

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