A will stipulates how your property, possessions, money and other assets will be distributed when you pass away. It will also give you peace of mind that your estate will be taken care of.
If you require a will that is simple and straight forward, our online will is exactly what you need. It is easy to complete and you’ll be able to print out and sign your will there and then. If you suspect that your will might be more complicated (for instance, because there are children from a previous marriage, complex business arrangements and specific wishes), contact us.
It's important to note that a high percentage of estates turn out to be insolvent, with debts exceeding assets, and despite having a will, your dependents may be left with nothing. Even worse, dependents can be left with outstanding debts to repay. You can prevent this by ensuring that you have sufficient life cover.
How the online will form and process works.
Complete the online form to create your will.
View the Frequently Asked Questions.
Make sure your estate is solvent.
Your first step is to select either a single or joint will.
When drafting your online will, you will have the option to nominate Sanlam Trust or another person or company as the executor of your estate. An executor ensures that all debt enforceable against your estate, as well as necessary tax and administration costs are paid, and that what remains of your estate is distributed according to the terms of your will.
Note: Unless the value of your assets are less than R250 000, the executor that you appoint needs to have sufficient knowledge of estate management as required by the Master of the High Court.
Sanlam Trust is able to act as the executor of your estate and will provide the following:
After completing your online will, you can print out and sign it according to the instructions stipulated in the email you will receive.
If you’ve nominated Sanlam Trust as the executor of your estate you need to take the printed and signed copy to your nearest Sanlam Client Care Centre, from where it will be delivered to Sanlam Trust for safe storage. Alternatively you can send the documents via courier to: Sanlam Trust, Sanlam Head Office, 2 Strand Road, Bellville, 7530. You can also post the documents to: Sanlam Trust, P.O. Box 1260, Sanlamhof, 7532
If a person dies without a will, it could lead to severe administrative, tax and legal problems and possibly also lead to financial losses.
In your will, you determine how your assets should be divided, and nominate an executor and trustee to take care of the division of the estate's assets and to handle the administration of any trust assets.
You have the right to name heirs as you wish in your will. If you don't, your assets will be divided according to the Intestate Succession Act, No 81 of 1987, after your death. This could mean that persons you would have preferred not inherit from you, could inherit.
Your will therefore determines the future of everything that you've built up through the years – and your heirs can be directly disadvantaged if you don't plan correctly. Estate duty, income tax, VAT and capital gains tax (CGT) can take a big chunk out of your estate if your planning is wrong.
If you suspect that your will might be more complicated (for instance because there are children from a previous marriage, complex business arrangements and specific wishes), contact us.
The executor of your estate must administer your estate in terms of the Administration of Estates Act 66 of 1965, and any other relevant Acts, and execute your estate in accordance with the stipulations of your will (or Intestate Succession Act, when applicable) under supervision of the Master of the High Court. The executor is the company, firm or person that you appointed in your will.
The appointment of an executor is a big responsibility. You may appoint your spouse, but this is in most cases not a good idea, since your spouse could be emotionally shattered and not ready to take important financial decisions.
Without the necessary knowledge, your spouse will also not know where to get the best advice or service. Your spouse may be exposed to someone serving his own interests, in which case the estate's chequebook might end up in the wrong hands.
Approaching a reputable company or section of a company specialising in wills, estates and trusts is a much safer idea:
As a leading trust company in South Africa, Sanlam Trust offers expert management of deceased solvent estates and living and testamentary trusts. Sanlam Trust can act as executor of your estate and trustee of your trust.
Should you choose Sanlam Trust to act as the expert executor of your estate, a nominal annual fee of R57 will be charged. This amount covers the administration costs and safe keeping of your will in a vault.
You will also get:
The content of a Shariah will is fixed and complies with Muslim or Islamic laws. If you would like to compile a Shariah will please contact us.
If you or your beneficiaries have any queries or would like to make changes to the will, please contact us.
A high percentage of estates turn out to be insolvent, with debts exceeding assets, and despite having a will, your dependents are then left with nothing. Even worse, dependents can be left with outstanding debts to repay. We recommend that you contact one of our advisers to get a picture of exactly what cover will best suit your individual needs or get an online insurance quote.