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The importance of having a will

Posted By Marilynh / September 19, 2018 / 0 Comments

During National Wills Week (17-21 September 2018),
certain attorneys draft free wills. 

However, YEI members do not have to wait for National Wills Week. 

With Proactive, you can get a will drawn up at no cost,
any day, any week, any month!

 

free will

 

Having a Will gives you peace of mind.  It streamlines the winding up of your estate and makes sure your wishes are carried out.  It also is a time to take stock of your financial position and gives you an opportunity to remedy any shortfalls or problems.  You can also clarify matters, ask questions and clear up any misconceptions as to the devolution/distribution of your assets.  This is particularly important if you have minor children, grandchildren, have been divorced or are married in community of property.  Knowing beforehand what the law entails gives you an opportunity to plan your affairs to suit your beneficiaries. 

If you have minor children or grandchildren, you can set up a Trust for them in your Will and in this way you make sure that they are financially cared for and have access to funds for their maintenance with the minimum of fuss.  If you die without a Will and you have minor beneficiaries, any monies due to them must be placed in the Guardians Fund at the Master of the High Court and can only be accessed on their behalf by their legal guardian who has to fill out various forms and provide supporting documentation every time they apply for funds.  This can be avoided if a Trustee is appointed, who will make the necessary arrangements for payment of maintenance to their guardian with a minimum of fuss and paperwork.

Also included in your Will, is the appointment of your Executor, who is the person who handles the administration of your estate.  Once a person dies, their assets are frozen and cannot be dealt with until an Executor is appointed by the Master of the High Court.  This delay is shortened if you have a Will appointing an executor.

Bereavement is a stressful time for everyone and you can make it easier by having a Will.  Your loved ones then have someone trustworthy to turn to for advice and support, who will guide them through the process and handle all the paperwork. 

Need a will drawn up?  Need further advice?
Contact Proactive Wills & Estates today for an appointment.
If you are outside of Cape Town, Paula from Proactive will make a plan!

So, don’t delay, phone Proactive today for an appointment.

Click here to see the Proactive Wills & Estates listing in the YEI Directory

Contact details:  

Paula Bongers, Proactive Wills & Estates  –  personal service with empathy, experience and efficiency.
Telephone:  021-5511741
Fax:  021-5511742
Cell:  073 217 2644
Address:  The JFA Building, 138 Democracy Way, Milnerton, 7441
Postal address:  P O Box 300, Milnerton, 7435
Email: legacy@pwae.co.za
Website:    www.proactivewillsandestates.co.za

 

Related articles:

 

What to do when a loved one dies

The Journey of Life!

 

 

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