What is a Will and why do you need one?
A Will is a legal document that leaves instructions about what you want done with your personal possessions and property (your estate) when you pass away.
Creating a Will makes sure that your wealth is taken care of and that your assets are distributed according to your personal wishes. If you do not have a Will, legislation will determine how your assets are distributed.
What does your Will cover?
It includes all your assets, your home, any land you own and any other form of property, as well as your cash equivalent assets: stocks, bonds, and unit trusts not held in a retirement annuity etc. If you have foreign assets, speak to your nancial adviser or broker for guidance on how to include them in your Will.
What does your Will not cover?
When taking out certain products, you may be asked to name a bene ciary(ies). When you pass away the proceeds from those products will be paid directly to the bene ciary(ies), therefore avoiding your estate. Examples of such products are:
I'm offering you the opportunity to meet up, to assist you with drafting a new will, or to update your existing will (you should do this every 2 years or when circumstances change).
I'm a financial adviser looking to develop long term relationships with my clients.