How to Protect Your Wealth from South Africa’s Estate System
How to Protect Your Wealth from South Africa’s Estate System
Most South Africans believe that having a financial advisor, a life policy and a will is enough to protect their family’s wealth. But the reality is far more dangerous.
Every day, families across the country are financially devastated when a loved one dies not because of poor planning, but because of how the legal system handles deceased estates.
Here’s what you need to know:
🔒 The moment someone passes away, all their assets including joint bank accounts are frozen.
Even if you are listed as a joint account holder, you’ll lose access while the estate is being administered.
⏳ It can take 6 months to 2 years (or more) to wind up a deceased estate in South Africa, according to the Master’s Office.
💸 During this time, families are left unable to pay bills, access funds, or maintain their standard of living. Many are forced to sell assets, take out loans, or rely on others just to survive.
📉 70% of generational wealth is lost when transferred to the next generation and a large part of that loss happens during estate administration.
So, what’s the cause?
It’s a flawed system sold under the label of “Estate Planning” (or Boedelbeplanning in Afrikaans).
Financial advisors and insurance brokers often push this concept without fully explaining the legal consequences or offering real protection strategies.
If even highly educated professionals fall victim to this system, what chance do most families have?
The good news?
There are legal, effective ways to bypass this trap and protect your assets for your family’s future.
Join our upcoming Wealth Protection Masterclass, where we expose the hidden risks in traditional estate planning and show you how to take control of your financial legacy.
Stop relying on a broken system.
Start building a future that your family can truly inherit.
See you at the seminar.
Regards,
The Wealth Masters Club Team
P.S. For any service related matters, questions, queries or complaints regarding Wealth Masters Club, Destinata or Treasury Trust Services, please contact our service department on [email protected]
