“ONE’S WILL IS POSSIBLY THE MOST IMPORTANT DOCUMENT OF ONE’S LIFETIME”. ~ THE DRAFTING OF WILLS, HARRY BARKER.

“ONE’S WILL IS POSSIBLY THE MOST IMPORTANT DOCUMENT OF ONE’S LIFETIME”. ~ THE DRAFTING OF WILLS, HARRY BARKER.

A recent client survey conducted by Discovery Life reveals that, while 98% of respondents believe that having a will is important, almost a third of the participants conceded that they do not have a will in place (31%).

Everyone wants their family members and loved ones to be cared for when they are no longer alive. Sadly, their best intentions are often lost in translation.

Establishing, regular reviewing and updating of your Will is probably the best way to ensure you minimize any unhappiness and conflict amongst the loved ones you left behind.

The topic of estate planning is often deemed taboo, as it is never easy to deal with the thought of death. The planning of your estate and the drafting of your will is, however, a vital part of sound financial planning because it forms the basis of the legacy they would like to leave.

In some cases where there is a Will in place, we often find in practice that drafting and planning mistakes can either render it impractical for specific provisions to be carried out or, worse still, for the laws of Intestacy (Intestate Succession Act 81 of 1987, pre-determines the heirs) to apply. This can lead to unintended and lengthy consequences, to the detriment of loved ones left behind.

To ensure your legacy is not lost in translation, it is advisable to seek the assistance and guidance of a professional to ensure you take a more considered approach to your estate and financial planning thereof, by understanding the legislative directives and implications, to ensure you have a valid, signed Will in place.

The proper estate planning, the structure, wording, signing and other legal requirements around the drafting of your Will are all points a professional specialist knows to guide someone to ensure that their last wishes will be legally executable.

Contact our offices today on 011 897 1900, 076 777 1920 or info@tuckers.co.za, for a free consultation to arrange for the drafting of your will – let’s help you help secure your legacy.  

Article contributed by Wendy De Waal of Tuckers attorneys.