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Why you need a will

11 September 2023
1 minute read

Most of us want to know that when we die, our property, money, and assets go to those most deserving, and the right guardians are appointed for our children.

Not having a Will can lead to protracted legal proceedings and delays in distributing your assets. Without a Will, the court must make decisions on your behalf which is often a lengthy and stressful process.

Losing a loved one is devastating and the process of distributing assets after someone passes away is even more daunting. Don’t leave your loved ones to deal with the distribution of assets, getting your affairs in order, paying your bills, and clearing your debt. Act now and ensure your Will is drawn up correctly.

A correctly drawn up Will allows you to (amongst other things):

  • Nominate an executor
  • Name a guardian for your children, and
  • Specify how you want your assets to be distributed and more.

Who needs a Will?

The answer is anyone who wants the peace of mind that their loved ones are properly taken care of should something happen to them. Based on our client base, these are the most common scenarios:

  • The elderly who are concerned about fairly distributing their assets.
  • Those with health challenges want to ensure they have their affairs in order.
  • People who are married and want to look after their spouse or to make sure their children are properly cared for in case of their death.
  • People who have property or assets and want to make sure it goes to the right beneficiaries.
  • Investors who have a trust or offshore assets that need to be managed properly.
  • Business owners who want to make sure their interests are secured.
  • Divorcees who need to update their Wills.

Surprisingly, although most adults understand the importance of a Will, less than 30% of adults in South Africa have one that is completed or up to date.

This is where we can help. 1Life Will and Estate Plan is an online, customised, and affordable online solution that allows you to easily complete and update a valid, signed, and retrievable Will. You receive expert advice and guidance as well as lifetime access to make sure your Will is easy to access and always current.

Want to know more? Read more here or contact your financial adviser.

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