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Protect your assets and draft a will

Draft your will in National Wills Week.

Attorneys across the country will be drafting free basic wills during National Wills Week from September 14 to 18.

“If you are a parent, breadwinner, homeowner and generally want to ensure that your affairs are in order, it is important that you have a valid will drafted by a professional,” said Law Society of South Africa (LSSA) co-chairman, Busani Mabunda

“A valid will allows you to state your last wishes, who should inherit your assets and property, to appoint an executor of your choice for your estate and also a guardian for your minor children,” said LSSA co-chairman, Richard Scott.

If you were married, divorced or widowed recently, or you have started cohabitating with your partner or have bought new property, you must have a will.

Similarly, unmarried people, particularly those who may have a number of people and extended family members who depend on them financially, should ensure they have a will in place, as several people could make a claim on their estates.

During National Wills Week, attorneys participating in the initiative will display posters with their contact details so that members of the public can make appointments with attorneys in their area.

What you should take to the attorney for your will to be drafted:

  • Your identity document (ID).
  • A list of what you own and the approximate value (including specific personal items that you wish to bequeath to specific people).

Before you go to the attorney, think about the following:

  • Who must get what?
  • Who should be the legal guardian of your minor children (those under 18)?
  • Who should be the executor of your will? This could be your attorney or a close family member or friend. If you decide on a family member or friend, it is also advisable to nominate the attorney as co-executor as the attorney will deal with any legal issues.

Why should an attorney draft your will?

A practising attorney has the necessary knowledge and expertise to ensure that your will is valid by complying with all the legal requirements in the Wills Act and that it complies with your wishes.

An attorney can also advise you on any problem which may arise with your will and assist your executor.

Often a will is not valid because the person who drafts it does not have the necessary legal knowledge to ensure that all the legal requirements of the Wills Act are met.

These include the fact that the will must be in writing, it must be signed by the testator (the person the will belongs to) in the presence of at least two competent witnesses, and also signed by the witnesses.

What could happen 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.

These provisions are generally fair and ensure that your possessions are transferred to your spouse and children, and where applicable, to siblings, parents, and if required, then to the extended family in terms of degrees of relationships.

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 longer time to have an executor appointed. The executor who is appointed may be somebody you may not have chosen yourself.
  • There could be extra and unnecessary costs.
  • There could be unhappiness and conflict among members of your family because there are no clear instructions on how to distribute your assets.

The contact details of attorneys participating in the National Wills Week project can be accessed on the LSSA website at www.LSSA.org.za.

Alternatively, for attorneys in Gauteng, Mpumalanga, Limpopo and North West, call the Law Society of the Northern Provinces at 012 338-5800.

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