Updating wills

The main advantage of using a lawyer is that, if your descendants try to contest the will in court, a lawyer is more likely to have used language that isn’t open to interpretation.

If using a lawyer isn’t an option for you, you can draft a will on your own that the state will consider just as legally binding as one you paid for.

Considering how much easier you’ll make your family’s life if you leave a will, you should make one as soon as possible.

If you die without leaving specific instructions for what you intended to happen, the state steps in, and divides things up in terms of the Intestate Succession Act of 1987.

While there may not be any changes to your personal or financial circumstances, we, on reviewing your will, can advise you if your will can function more efficiently in light of current laws.

Therefore we suggest you review your will on a yearly basis.

If you want to divide your estate in a very specific way, or use a lot of special conditions, then it might be worthwhile seeking professional assistance.

Changing the terms of an existing will is simple: just write a new one.

If you find formal language difficult, you can find off-the-shelf wills at most newsagents, and a number of free templates are available online.

Using one of these is as simple as filling in the blanks, and while it won’t provide as many options as using a lawyer would, it’s still better than leaving no will at all.

Some of the reasons for reviewing and updating your will include: You can review or update your will as often as you wish, however, a change may not always be required.

A periodic review of your will means ensuring your will is up to date and that it sets out your wishes with regards to your current assets and the parties, and manner in which you would like them distributed after you pass away.

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