Thinking about what happens after we die is something most of us would rather put off. But having a valid, up-to-date Will is one of the most practical ways to make sure your wishes are known and your loved ones are considered.

A Will is a legal document that sets out how you would like your estate to be dealt with after your death. Among other things, it allows you to identify your beneficiaries and nominate an executor to administer your estate.

For parents, estate planning becomes even more important. A properly drafted Will can make provision for minor children and clearly record your wishes, helping to reduce uncertainty and potential disputes at an already difficult time.

Choosing the right executor

An executor plays an important role in winding up an estate, from dealing with administration and outstanding liabilities to facilitating the eventual distribution of assets to beneficiaries.

It is therefore worth considering carefully who you nominate.

While free Will services may appear attractive, it is important to understand the terms attached to them, including who will be appointed as executor and what fees or other financial arrangements may apply when the estate is eventually administered.

The same applies when appointing a large financial institution. Families should consider the level of personal service and direct access they may want during what can be a lengthy and emotional process.

Is your Will still right for you?

Having a Will is only the first step. It should also be reviewed when circumstances change — for example after marriage, divorce, the birth of a child, acquiring significant assets or changes within your family.

With more than 30 years of service, J Bredenkamp Incorporated assists clients with personal and professional Wills, executorship, property transfers and the winding up of estates.

Death is difficult enough for the people left behind. Putting your affairs in order today can help make things a little easier for them tomorrow.

For assistance with your Will or estate planning, contact Executor Law on 011 023 8701/2 or 079 394 2574, or email info@executorlaw.co.za. Or visit our site www.executorlaw.co.za

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