Wills and the Global Investor: Does One Worldwide Will Suffice?
It is becoming more common for people to “not keep all their eggs in one basket” and diversify their investments into jurisdictions outside of South Africa. Whilst this is deemed to be financial savvy, it does raise the question about what will happen when you pass away while owning assets offshore? Are the foreign assets covered by a local South African Will? Do you need a Will for each place? Or will one “worldwide Will” do?