Q:           Why do I need a will and can’t I just do my own version?

Answer:

You need a will to ensure that when you die, your assets are clearly allocated to family or heirs as you see fit. If you don’t have a will, the courts will decide where you are assets are distributed. Also important to note is that drafting your own will can be dangerous – how you say things, and whether or not you have followed formalities and procedures may render your home-made will useless. The Fiduciary Institute of South Africa (Fisa) says that the person drafting the will needs to be up to speed with the effect of common law, as well as laws on the statute book, and the implications of the proposed will on your assets, liabilities and cash flow in your estate.

FISA explain Wills, their purpose, function and importance in this excellent document. Simply click HERE for details.