07/12/2023
Don’t have a Last Will?
In the absence of a Will, or worse yet, a valid Will, a person’s estate will devolve according to the laws of intestate succession as governed by the Intestate Succession Act 81 of 1987. Not having a will might further lead to –
• assets not being left to the deceased’s person of choice;
• more time lost for an executor to be appointed (in addition to having a will where you may choose someone yourself);
• extra and unnecessary costs are involved;
• inheritance due to a minor which must be deposited into the Guardian’s Fund, a government-run fund that safeguards their inheritance until they reach the age of majority, currently set at 18; and
• Conflicts that may arise between family members, as no clear instructions have been made regarding the division of an estate.
Your will is therefore one of the most, if not the most important document you will ever sign. A valid will has to comply with certain formalities as set out in the wills act, which are briefly summarized (with some tips) as follow:
• The Will must be in writing (typed or in your own handwriting);
• The Will must be signed at the end by the testator (the person making the will, who is competent and at least 16 years old) and if the will has more than one page the testator and witnesses must sign each and every page;
• Signature of the testator must be made in the presence of two or more competent, and independent witnesses (at least 14 years old) and the witnesses must attest and sign the Will in the presence of the testator and each other. Ensure your witnesses are independent. Your witnesses cannot be your nominated executor, beneficiaries or their spouses (A beneficiary who signs a Will as a witness will be disqualified from inheriting any benefit and therefore should not witness the Will).
• Where a testator marks with a mark or where the testator instructs another person to sign on his or her behalf a commissioner of oaths must be present and certify to the identity of the testator and that the document signed is the will of the testator;
• Make sure to date your will, as the most recent will should revoke previous wills (if you had previous wills).
The Master of the High Court only accepts original wills. So as far as possible, sign your will in duplicate so you have a spare original and safeguard the original.
Feel free to contact our offices to arrange a consultation and we will gladly assist you in ensuring that your Will is drafted in accordance with the Act.