Ricochet News

Why do you I need a will?

May 2, 2020
Why do you I need a will?

Port Elizabeth - Get your will drafted with us to ensure you are prepared for the uncertainty of the future:

WHAT IF YOU DON’T HAVE A WILL?

  •  Intestate Succession Act will determine the distribution of your estate
  • No control of who will inherit from your estate
  • If there are minors (children under 18) the inheritance will be paid to Guardian’s Fund and not to a Testamentary Trust

WHAT IS THE IMPORTANCE OF A VALID WILL?

  • A valid will must be specific, not vague and comply with legal requirements
  • The will must be in writing
  • Each page of the will must be signed by the Testator/ix in the presence of 2 competent witnesses
  • Witnesses must in turn attest and sign it in the presence of the Testator/ix
  • Testator/ix - must be 16 years or older
  • Competent witness - any person 14 years or older who can testify in court
  • Family, their spouses or anyone nominated in the will (including the executor/ix) cannot sign as witness
  • Get creative to sign will without breaking the lockdown rules - ask the neighbours to witness or nurse attending to you
  • Advisable to date your will

AT PW HARVEY & CO

  • It is easy to draft your will during lock down at PW Harvey & Co
  • Contact our legal advisors, who will correspond with you and send your will to be signed.
  • You can post, hand deliver, or we can collect your will for safekeeping after lockdown;
  • The Master only accepts original signed wills;
  • At PW Harvey & Co we draft, amend and keep your will(s) at any stage, for free;
  • We attend to the administration of deceased estates and make sure your wishes are followed in accordance to your will;
  • Winding up an estate - can take longer if there is no will and your financial affairs are not well looked after / in order.

Certainty can create peace of mind

Get your will drafted today with PW Harvey & Co. Contact our legal advisors for any queries Carlcarl@pwharvey.co.za or Natashanatasha@pwharvey.co.za.

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