There are many times in people’s lives when they know they should make a Will, yet they shrug it off and ignore it. They tell themselves they’re not going to die anytime soon, they think they should make a Will, but a little later, not now.
Years can sometimes go by with them going through the same thought processes, but it does catch up with you – or your loved ones - in the end.
Having a properly drafted Will that can be executed as per your instructions by the Executor is the one long-lasting act that you can take to protect the people that you love.
A last Will and Testament is the document that you use to plan your estate. It communicates your last wishes as they relate to your possessions, dependents and people in your life.
If you die intestate (without a Will) inheritances are passed on along bloodlines and not according to your wishes. If you have no Will the money for your Minor Children will be paid into the Government Guardian’s Fund.
Disadvantages of dying without a Will:
One of the biggest issues is the delay that may be encountered; your bank accounts and assets would be frozen, leaving your loved ones in financial distress. Think of the consequences of this on your family.
There are those people who believe that they don’t have enough money or possessions to make a formal Will. They think they have so little, why make a fuss with formalities. The truth is, what they should be thinking is why not?
Benefits of having a Will:
Your Will and Divorce
A bequest to your divorced Spouse in your Will, which was made prior to your divorce, does not necessarily fall away after divorce.
The Wills Act stipulates that, except where you expressly provide otherwise, a bequest to your divorced Spouse will be deemed revoked if you die within three months of the divorce.
This provision is to allow a divorced person a period of three months to amend his/her will after the trauma of a divorce. If however you fail to amend your Will within three months after your divorce, the deemed revocation rule falls away, and your divorced Spouse will benefit as indicated in the Will.
What Fee Is The Executor Entitled to Receive?
The Executor is entitled to the following fee:
or if the Agent appointed to assist in administering of the estate is registered as such.
Why Appoint An Attorney As Your Executor?
Act now, get your Will drafted. Do not delay. Tomorrow may be too late.
Contact us for a FREE Will (where we are appointed as Executors)