Most of us are too busy with Life to worry about Death. But Death has this annoying habit of showing Life the finger and pitching up at the most inopportune time. While cheating Death may prove difficult, we can ease the process by making sure that we have drafted a will. Yet a worrying number of people do not have wills. Here are some of the more common excuses that people use for not having one.
Being a landlord without having a signed, written lease agreement can be fraught with challenges. Not to mention the high probability of regular he-said-she-said arguments with your tenant. It can be extremely difficult to protect your interests as landlord and owner of your property if you don’t have a written and signed lease agreement. So if you’re planning on renting out your property, a good place to start is drafting your contract of lease. Here are some tips to help you on your way.
Once your Will has been drafted, what do you do? Here are several things to consider.
- Signing your Last Will and Testament
Once you’ve read through your Will and you’re happy with it, the next step is to sign it. Before you pick up the closest pen and merely scrawl your mark, be aware of the following requirements.
- You must sign your Will in front of 2 witnesses. You can’t sign it, then only later ask some witnesses to sign. After all, the whole purpose of being a witness is to witness! Their presence acknowledges that you did indeed sign your Will and your signature wasn’t fraudulent, you knew what you were doing and were not intoxicated at the time, and you weren’t placed under duress or pressurised by someone to sign it against your volition.
- The following people cannot sign as a witness:
- Anyone named as your beneficiary
- Anyone named as your heir
- Anyone who is married to a person named as your beneficiary or heir
- Anyone under the age of fourteen years
- Anyone who is not of sound mind or is incompetent to give evidence in court
Once your Will is signed, what do you do with it? There are institutions that offer a Will storage service, generally for a fee. But you’re don’t have to use them. The main thing is to ensure that your original Will is stored in a safe place and is easily accessible by your loved ones. It’s also suggested that you:
There are only two ways that you can die. With a Will. Or without a Will. It’s entirely your choice. But here are five reasons why we would strongly recommend that you die with a Will.
- You can appoint your executor.
When you die, somebody has to be appointed as an executor to organise all the paperwork, and generally distribute and administer your estate. Preferably someone disciplined, organised, honest, reliable and trustworthy. By drafting your Will you can identify and appoint an executor of your choice.
Are you looking for a CPA-compliant Lease Agreement? We have the solution for you! If you’re asking, “What is a CPA-compliant Lease Agreement?” then read on. When the CPA was initially enacted, most people homed in on the obvious impact, such as the reigning in of retailers selling defective products to customers. It didn’t take long for a new realisation to kick in: the CPA also applies to residential lease agreements!
- Template or custom-drafted?
When it comes to drafting your Will, the first thing to decide is: where will you get one from? Are you comfortable with using a template, or would you prefer for someone to draft it for you? If your situation is relatively uncomplicated a template can be an easy and cost-effective option. But if you’re hesitant or have more complex requirements then chat to a specialist for some guidance.
There are two ways of dying:
- with a Will; or
- without a Will.
Here are some reasons why we would strongly recommend that you die with a Will.
- You get to choose your heirs.
Drafting a Will is the best way of ensuring that your possessions get given to the people of your choice. If you die without a Will your possessions are distributed according to the law of intestate succession. People who you don’t particularly like may land up inheriting (like your long-lost drug-addict sister), or the people you do want to inherit may land up getting nothing (like your long-suffering girlfriend).
Your Will has been drafted and you’re finally happy with it. What now? There’re three things to consider.
- Signing requirements for your Will
Once you’ve read through your Will and completely satisfied that it accurately reflects your wishes, the next step is to sign it. So how do you sign your Will? Before you pick up the closest pen and scrawl your mark, be aware of the following requirements.
Yes, we know the story. Life is simply far too frenetic to worry about drafting your Will right now. The routine sounds oh-so-familiar. Wake up, shower, get dressed, grab a protein shake as you rush out the door, drop the kids at school, go to work, juggle meetings, phone calls, emails, go home, hopefully have time to go for a run with Fluffy, help the kids with homework, shovel down a meal while watching last week’s episode of Big Bang Theory on PVR, shoot off a few more mails on your phone, go to bed. Repeat.
Life is too busy to worry about Death. But Death has this annoying habit of disregarding Life and pitching up at the most inopportune moment. While cheating Death may prove difficult, we can smooth the process somewhat by making sure that we have drafted a Will. An alarming number of people do not have Wills. Here are some of the common excuses for not having a Will. Busted!