A Will is a document in which any person of sound mind, aged 16 years or older, places on record how they wish their belongings to be distributed after their death.
Draw up a Will and protect your Legacy.
A Will is a document that will determine how your assets will be distributed after you die. This important estate planning document can include detailed instructions about who will benefit from your estate.
What is a Will?
What happens if you don’t have a Will?
If you have no valid Will, the laws of Intestate Succession will be used to distribute your estate to your family members in accordance with a priority sequence and in proportion to the legal prescripts. The State will appoint an Executor to fulfil this task.
The effect hereof is that people you did not wish to appont as heirs may well inherit from your estate.
Why do you want it?
Most Wills focus on the distribution of the Testator’s property and assets, but much more can be included in your Will. For example:
- you have the right to decide who should inherit your assets and who should not;
- you ensure that your family is provided for in terms of your last wishes;
- you can name guardians for your children and their property;
- you could create a Trust for your children or other beneficiaries;
- you can name the Executor to wrap up your estate, preferably someone you trust;
- you can avoid extra and unnecessary costs and even minimise taxes, with good tax advice;
- you can plan for the fees associated with passing away, such as Executor’s fees, conveyancing fees and Trust fees; and
- you may avoid unhappiness and family conflict because there are clear instructions on how to distribute your property and assets.
Do you need it?
Anybody over the age of 16 can have a Will. You really should have a Will if you:
- Are married;
- Have children; or
- Own property and assets
Anyone over the age of 16 can write a will.
How much does it cost?
Most financial services and law firms offer estate planning. The cost of a will starts at around R500 and increases as the will becomes more complex.
How can we help you?
attooh! clients receive their will absolutely free. One of our consultants will assist you and demonstrate how you can protect your estate and all that is dear to you. They can also help identify how you can save money on estate related costs. Along with the heartache of death comes a variety of additional burdens in the form of legal fees and expenses which have to be taken care of by your loved ones. Understanding these fees and expenses can help you prepare for them. It will also ensure that these costs are covered and the burden on your loved ones is alleviated. With our innovative Legacy Protection Plan™ you can cover all your legal fees and other expenses associated with dying from as little as R78.44 per month.