{"id":50279,"date":"2021-09-09T11:14:18","date_gmt":"2021-09-09T09:14:18","guid":{"rendered":"https:\/\/novanews.co.za\/kougaexpress\/september-is-wills-month-heres-what-you-need-to-know-20210908-2\/"},"modified":"2025-03-13T17:16:12","modified_gmt":"2025-03-13T15:16:12","slug":"september-is-wills-month-heres-what-you-need-to-know-20210908-2","status":"publish","type":"post","link":"https:\/\/novanews.co.za\/kougaexpress\/september-is-wills-month-heres-what-you-need-to-know-20210908-2\/","title":{"rendered":"September is Wills Month: Here\u2019s what you need to know"},"content":{"rendered":"

THIS year has shown that it\u2019s particularly important that we place emphasis on ensuring that we leave a lasting legacy for our children and future generations. <\/p>\n

\n
\"\"<\/p>\n
Alex Simeonides, the CEO and co-founder of Capital Legacy. Photo: GARETH JACOBS PHOTOGRAPHY<\/div>\n
<\/span><\/span><\/div>\n<\/div>\n<\/div>\n

In the face of adversity, and as the death toll related to COVID-19 continues to rise, we are reminded that life can be unexpected. We need to prepare accordingly.<\/p>\n

Why have a National Wills Week?<\/strong> <\/p>\n

\u201cMore than 75% of South Africans pass away without a valid will in place,\u201d said Alex Simeonides, CEO and co-founder of Capital Legacy. This causes devastating consequences for their families and dependants.<\/p>\n

The reality is that most people know they need a will, but statistics show that South Africans are notorious procrastinators.<\/p>\n

To help combat this statistic, the Law Society of South Africa (LSSA) promotes National Wills week every year, encouraging more people to take this task seriously and get their affairs in order. <\/p>\n

Participating attorneys offer their will-drafting services for basic wills at no cost to clients. This year, National Wills Week is from September 13 to 17.<\/p>\n

The Law Society explained that it is important to have a professional draft your will as \u201coften a will is not valid because the person who drafts it does not have the necessary legal knowledge to ensure that the requirements of the law are met. By making a will you ensure that your assets are disposed of in accordance with your wishes after your death,\u201d he said.<\/p>\n

Why we make September Wills Month<\/strong> <\/p>\n

With more than 75% of South Africans passing away without a will in place, it\u2019s not necessarily an awareness issue \u2013 it\u2019s an education issue. People need to know what consequences their families and dependants will face if they were to pass away without a will.<\/p>\n

Your last will and testament is probably the most important document you\u2019ll ever sign, and it forms the cornerstone of your estate plan. Your will houses your final wishes, how you would like to distribute your estate, who your beneficiaries will be, who should take care of your children should something happen to you and your spouse, among others.<\/p>\n

Consequences of passing away without a will <\/strong> <\/p>\n

    \n
  • You forfeit the opportunity to decide who inherits what and your estate is distributed according to South African law. This means people whom you may not have wanted to benefit from your estate may inherit your assets and family heirlooms.<\/li>\n
  • Your partner may be left with nothing if you are not married, or your will has not been updated from a previous marriage.<\/li>\n
  • Your children\u2019s inheritance could pass to the Government Guardian\u2019s Fund or appointed guardian, rather than to a trust that will ensure your wishes for them are carried out.<\/li>\n
  • Family feuds often occur when family members argue over the distribution of your estate if your final wishes are not clearly documented in a will.<\/li>\n
  • Winding up your estate can take years \u2013 without a will appointing a professional executor, the government is essentially in control of the process.<\/li>\n
  • You lose the ability to nominate a guardian of your choice for your minor children.<\/li>\n<\/ul>\n

    For more info on Wills Month or to book your complimentary will consultation, visit www.capitallegacy.co.za<\/span>.<\/p>\n

    – ISSUED BY CAPITAL LEGACY<\/strong><\/h6>\n","protected":false},"excerpt":{"rendered":"

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