Wills and Trusts in Lesotho are legal documents that provide instructions for the distribution of a person's property and assets after their death. These documents can also be used to assign a guardian to care for minor children, assign executors to manage the estate, and establish trusts to manage the assets. Wills and Trusts are an important part of estate planning in Lesotho and should be considered by anyone who has accumulated substantial assets.
A will is a document in which a person can declare how their assets and property should be distributed after death. It also allows them to name an executor to manage their estate and a guardian for any minor children. Trusts are also an important part of estate planning in Lesotho and can be used to manage assets and provide for beneficiaries. Trusts can be used to protect assets from creditors, provide for special needs beneficiaries, and reduce taxes on the estate.
In conclusion, Wills and Trusts in Lesotho are an important part of estate planning and should be carefully considered. They can provide peace of mind and ensure that a person's wishes are followed after their death.
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