National Wills Week will take place from 26-30 October 2020
Why must you have a will?
By making a will you ensure that your assets are disposed of in accordance with your wishes after your death. This privilege is called “freedom of testation”.
Why should an attorney draft your will?
Attorneys are professionals qualified in law. An attorney can advise you on any problem which may arise with regard to your will. An attorney has the necessary knowledge and expertise to ensure that your will is valid and complies with your wishes.
Often a will is not valid because the person who drafts it does not have the necessary legal knowledge to ensure that the requirements of the law are met.
What happens to your estate if you die without a valid will?
If you die without leaving a valid will, your assets will be distributed according to the provisions of the Intestate Succession Act. The provisions of this Act are generally fair and ensure that your possessions are transferred to your spouse and children.
BUT, the following problems may arise if you die without leaving a will:
- Your assets may not be left to the person of your choice.
- It can take a long time to have an executor appointed. The executor who is appointed may be somebody you may not have chosen yourself.
- There can be extra and unnecessary costs.
There can be unhappiness and conflict among members of your family because there are no clear instructions on how to distribute your assets.
Last year, National Wills Week was held from 16 – 20 September 2019. The LSSA thanks all the attorneys who participated in this initiative.
See full story on National Wills Week – Law Society of South Africa
Contact Hough & Bremner Attorneys from 26 to 30 October 2020 for your free Will & Testament.