Drafting a Will
Do you worry about what will happen to the assets you have worked for when you are no longer around or how long it will take for them to be distributed to the loved ones you have chosen? How do you make sure that your last wishes are honoured?
At Momentum Trust, we specialise in estate planning, trust administration and Will drafting and safe-keeping services giving you complete peace of mind that your estate will be legally administered in South Africa in accordance with and your last wishes.
- Draft your Will in accordance with your wishes.
- Ease the burden on your loved ones after your death.
- Ensure that your dependents are taken care of after your death.
What is a Last Will
and Testament?
A Will is a legal document explaining what should happen to your assets when you die. A Will also declares who will be beneficiary/ies of your assets. Assets could be your car, house or any savings or investment accounts. It’s important to have a Will as it allows you to accurately communicate your last wishes.
The aim is to have an executable Will. Having a Will is an essential part of your financial plan to ensure that the terms of the Will are carried out according to your wishes.
Why use Momentum
Trust for your Wills?
With Momentum Trust, drafting a Will online is simple and convenient. You can also email us or request a call back, and we'll help you understand the legal implications and ensure that your Will isn't confusing or open to misinterpretation.
In addition to drafting your Will, we provide a Will safe-custody service from R115 per annum that offers you a secure facility in which to store your original Will. The service also entitles you to free Will amendments.
A Last Will and Testament typically includes:
- Nominated beneficiaries such as a person, charity or an organisation that inherits an asset.
- Nomination of an executor who will carry out the instructions of the Will regarding the distribution of assets to named beneficiaries.
- Guardians for minor children.
- Instructions on how and when the beneficiaries will receive their assets.
Your Will should nominate a professional executor who will administer your estate and adhere to all applicable laws. At Momentum Trust, we accept appointments as executors.
Lifestyle events that influence your Will
When one of the following life events happen, your Will needs to be updated:
- Starting your working career.
- A change in marital status - getting married or divorced.
- A change in your assets, such as purchasing a home.
- The addition of new family members, including the birth or adoption of a child.
- Dependency of family members, especially those
with special needs. - Death of a family member or beneficiary.
- The establishment of a business.
The importance of a Will
Having a professionally drafted Will gives you the opportunity to decide on how you'd like your estate to be handled after you've passed on.
Want to know more about drafting your Will in South Africa?
Time to talk to a
financial adviser?
Let our financial advisers help you reach your estate planning goals.
Email us at: [email protected]
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