National Wills Week is an annual initiative to create awareness amongst South Africans regarding the importance of having a will. Having a will gives you the final say in how your assets are distributed after your passing. By participating in National Wills Week, you can ensure your wishes are carried out the way you want, giving you peace of mind that your loved ones are taken care of.

Why You Really Want A Will

In South Africa, if you pass away without a will, your estate will be distributed according to the Interstate Success Act. This means that if you’re survived by your spouse, they’ll inherit your entire estate. However, if you pass away with a spouse and children, your spouse and child will get a child share or a total of R250 000 – whichever is greatest, and whatever is left will be equally distributed between the biological children. These laws greatly favour your blood relatives, so if you have adopted children or a long-term partner, having a will is essential to ensure they inherit according to your wishes.

Another challenge of not having a will is having to wait up to years for an executor to be appointed. (An executor is a person you trust that will make sure your estate is divided up according to your wishes and settle any outstanding debts.) Also, you’ll be unable to nominate a guardian of your choice for any minor children should both parents pass away.

The Bottom Line

National Wills Week is an invaluable opportunity for all South Africans to secure their legacies, protect their loved ones, and ensure their wishes are honored. To find attorneys participating in National Wills Week in your area, visit the Law Society of South Africa (LSSA) online.

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