Many people underestimate the importance of having a valid and up to date legal will. When you die, your estate is divided between your family or the people that you want to inherit from you. The estate consists of your personal property and possessions, as well as any money or other assets owned by you.
Who your property is passed on to depends on whether you have a valid will or not.
If you have a valid will then the property is divided according to your wishes. If you die without a will (called intestate), then your property will be divided up amongst your immediate family according to the laws of intestate succession.
Protect your family by having a valid will in place
If you’re older than 16 and mentally competent, you can make a will stating who you want your property to go to when you die.
For a will to be valid, you must make sure that:
In your will you can:
An executor is a person who’ll make sure that your property and assets are divided according to your wishes. The executor also evaluates the estate and its debts, settles your outstanding debts and distributes or invests the remainder of the estate as set out in your will. If you don't choose an executor, the court will appoint someone to be the executor - this is usually a family member.
If you’re not sure how to draw up a will, you can get a lawyer to help you. You can get an easy-to-complete will form from a stationery shop.
Before you go to an attorney to create a will, you’ll need to think carefully about:
Note: If you decide on a family member or friend, it’s advisable also to nominate the attorney as co-executor as the attorney will deal with any legal issues.
Divorce and your will
It’s important to amend your existing will within 3 months of your divorce unless you want your former spouse to inherit. If you don’t change your will after your divorce, your former spouse will inherit according to your existing will.
Why should an attorney draft your will?
Often a will isn’t valid because the person who drafts it doesn’t have the necessary legal knowledge to ensure that all the legal requirements of the Wills Act are met. A practising attorney has the necessary knowledge and expertise to ensure that your will is valid. Your will needs to comply with all the legal requirements in the Wills Act and with your wishes. An attorney can also advise you on any problem which may arise with your will and assist your executor.
What makes a will valid?
For your will to be valid it needs to be drawn up correctly.
You’ll need to be 16 years or older and make sure that:
Need help drafting a will? Get tips and legal guidance on how to make a start.
Dying without a will
If you don't have a valid will when you die, your property is divided according to the provisions set out by the law in terms of the Intestate Succession Act. These provisions are generally fair and ensure your possessions are transferred to your spouse and children, and where applicable, to siblings, parents, and if required, then to the extended family in terms of degrees of relationships.
Some problems may arise if you die without leaving a will.
This can include:
Make a file
Keep your will in a file or folder along with other documents that might make it easier for the people you leave behind.
This could include:
Note: this isn’t a binding legal document, but it explains why you put something in the will.
Make sure that you store all documents in a safe place like a bank or a secure safe at your house.
National Wills Week 2019
The Law Society of South Africa is hosting its National Wills Week from 16 to 20 September 2019. If you don't have a will in place or simply can't afford a lawyer, National Wills Week offers you an opportunity to have a will drafted for free.
You can book an appointment with a participating lawyer nearest to you.
If you have an appointment with an attorney during National Wills Week, please take the following with you: