EXPLAINER | Wills and estates: Get legal help if you want to bequeath rights to property | Business

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Testators drafting a will often wish to leave an asset to one person but want someone else to use it. But if the stipulation in the will is not correctly defined or the incorrect term is used, it may cause confusion after the testator’s death.

Testators drafting a will often wish to leave an asset to one person but want someone else to use it. But if the stipulation in the will is not correctly defined or the incorrect term is used, it may cause confusion after the testator’s death, saysTestators drafting a will often wish to leave an asset to one person but want someone else to use it.

A personal servitude may be granted for life or for a specified time, or until a specific event occurs. If it was granted for a period of time, or until an event occurs, it will terminate if the holder of the right dies before such time or before the event has occurred. and entitles her, together with her immediate family, to live in the house for the rest of her life.

It is advisable for the testator to specify who will be responsible for the maintenance and insurance of the property, or levies payable to a body corporate or homeowners association, as some of these costs may be related to the property and other to the use of the asset. can be granted over a specific part of a larger property, for instance a house on a farm or a flat situated on a property with more than one dwelling.

Susan may install a separate electricity meter and charge John for the use of electricity in the workshop.

 

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