KAROO NEWS - All South African citizens are urged to have their Will drafted for free during National Wills Week (13 -17 September).
A valid and up-to-date Will ensures that your home and movable assets are distributed according to your wishes in the event of death.
A valid Will also ensures your loved ones do not experience delays and conflict regarding your wishes, which often is the case in the absence of such a vital document.
In the absence of a Will, your home and any assets are distributed in accordance with the Estate Laws of the country. Some of the consequences of not having a Will include:
- You not having control over who inherits your home.
- Your partner may be left with nothing if you are not married.
- Family members may argue or disagree regarding your final wishes.
- It can take years for the State to wind-up your Estate.
All government subsidised housing beneficiaries are reminded that their house is a big and important investment, not only for their current families, but also for generations that follow. Therefore, beneficiaries must ensure they protect their homes and loved ones, in the form of a legally valid Will.
Assistance can also be provided at any time from various banks, insurance companies, NGO’s and individuals who have the necessary skills to draft a Will. Beneficiaries can also draft their own Will, provided that:
- The Will must be in writing, either typed or handwritten.
- The Will must reflect the date and place it was concluded.
- Each page of the Will, including the last page, must be signed by the testator.
- The Will must also be signed by two competent witnesses.
- It is advisable to have your Will certified by a Commissioner of Oaths to ensure that the Will is a true reflection of your wishes.
SEE INFORMATION ON PARTICIPATING ATTORNEYS HERE.
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