Klerksdorp Midweek, Klerksdorp - “The reality is that most people are living month to month and have very little time to think about the future – never mind thinking about the legacy they want to leave behind one day.”
According to Brandon Garbutt, Managing Director of Capital Legacy, there’s no doubt that life is getting busier and busier. “With cell phones, emails, social media, work pressures, global pandemics, local politics and more, we never seem to have any downtime. Days seem to roll into weeks, and weeks into months, and we find ourselves asking where did the year go.”
The reality is that most people are living month to month and have very little time to think about the future – never mind thinking about the legacy they want to leave behind one day.
One of the first steps to planning your legacy is pausing your busyness to draft your last will and testament.
“Frighteningly, more than 75% of South Africans pass away without a valid will in place causing devastating consequences for their families and dependants,” he said.
Without a will, the execution of your estate is subject to South African Intestate Succession law and processes, which results in your family losing control and you forfeiting any final wishes you may have. This is not a great start to securing your legacy.
The problem is so dire that the Law Society of South Africa (LSSA) promotes National Wills Week every year, encouraging more people to take this task seriously and get their affairs in order.
Wills Week is usually in September but due to Covid-19 and lockdown the LSSA officially announced that National Wills Week will be from 26 – 30 October this year. The exercise of drafting your will forces you to think about what you are leaving behind and to whom.
When thinking about the legacy you want to leave, you suddenly realise it’s more than just assets and “stuff” that you leave behind. It’s actually more about the memories, principles and impact you have on people’s lives. It’s about how you lived and what lives beyond you.
To arrange your free will consultation, and opt to be an organ donor while doing so, visit: www.capitallegacy.co.za.