Your will is one of the most important
documents on which you would ever have to place your signature. After
all, it represents your last wishes on earth and is the document that
determines how your assets should be dealt with after your
death.
A watershed ruling in the Court of Appeal
found that an unsigned document (will) that a deceased had drafted by a
lawyer, bank, trust company or other third party such as a financial
adviser, will in future not be accepted by the court as a
will.
That means that a will cannot be executed if
unsigned – even if everyone knows that it is a just reflection of the
deceased's last wishes and requests. In such a case, the estate will be
executed in terms of the deceased's last legal, signed will, or
intestate.
The court's decision is based on the
argument that wills have for centuries been drafted with the express
intention of stopping fraud and disputes after the death of the
testator. The requirement that the testator himself should draft the
document, guarantees a degree of authenticity.
This
proves a personal action by the testator, from which his intentions can
clearly be seen. If the requirements stipulated that any person could
draft the will, the chances of fraud and false claims are so much
bigger – which the testator cannot refute after his
death.
If the deceased drafted his will himself
shortly before his death, the court could have found differently and
used its "condonation authority" to declare the will valid.
The above mentioned Appeal Court decision is very
important for people drafting wills. An error in a person's will may
inflict irreparable financial damage to your next-of-kin, not to
mention the potential for court cases. To make sure your last wishes on
earth are respected, make sure your will is technically correct AND
properly signed.
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