Your Will - It's Legal, but is it practical??

Yes, it's important that your Will is legally correct, but it is also important that it is practical to implement.

Some important tips - check if your Will complies:

1. Have you nominated an alternative beneficiary if the person you chose happens to predecease you?

2. If you are leaving cash legacies, do you have the funds to pay these, or will some of your assets have to be sold?

3. Do you have insurance to pay any outstanding bond on your property in full?  In that way, you protect your family's home.  I think this is the most important thing you can do for them.  Contact your Financial Advisor to assist you if you need insurance cover.

We look at the legal aspects, as well as the practicability of implementing your wishes, when we draw up your Will.

Contact us at 021-5511741W and we would be happy to assist you.

Why you should not draft your own Will

Read an insightful article by David Knott, a fellow FISA member, on the pitfalls of drafting your own Will at this link:
http://finweek.com/2014/05/26/insight-draft-will/

Apart from the notes in the above article, we find it very helpful to go through the practical aspects of their Wills with our clients.  These can be just as important as the legal aspects, as often we don't think through clearly the effect of our Will.  That is our job, to put things in perspective and to warn you regarding any possible problems arising from how you have set up your Will.  Give us a call at 021-5511741W if you would like to make an appointment to have a good look at your Will.   Our Wills service is a free service and we would be happy to assist you.