National Wills Week

The Law Society of South Africa celebrates National Wills Week from the 17th to the 21st of September 2018.

As spring approaches and the inevitable process of spring cleaning commences, you should extend this exercise to your financial planning.

Get your will out, dust off the cobwebs and check the following:

  1. Is your will valid?
  2. Have all formalities been fulfilled?
  3. Have any life changes occurred since you signed your will including, but not limited to; marriage, divorce, death, birth of a child, emigration, etc.
  4. Does it accurately reflect your intentions, wishes and bequests?
  5. Have you nominated guardians to take care of your minor children in the event of your death? Are they still relevant and able/willing to act as such?
  6. A joint will between you and your spouse should be separated into two individual wills.

If you die without a will or if your will is invalid, then your assets will be distributed according to the Intestate Succession Act, 81 of 1987. Your assets may devolve upon people that you did not intend leaving anything to and it causes long delays, extra expense and additional trauma to your bereaved family during an already difficult time.

FPM Risk and Wealth Management offers a will drafting service to our existing clients. We store your will safely and free of charge. We offer our services as Executors of wills, trusts and estates and have a team on hand to step into your shoes and carry out your wishes when you are no longer around.

Make the most of National Wills Week and contact us on 011 778 9300 for more information or assistance.

This article is a general information sheet and should not be used or relied on as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your financial adviser for specific and detailed advice. Errors and omissions excepted. (E&OE)