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Deceased Estates Process Course: Last Will & Testament

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Deceased Estates Process Course: Last Will & Testament

Drafting of Wills and Testaments

updated on icon Updated on Nov, 2023

language icon Language - English

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Lectures -2

Resources -1

Duration -1.5 hours

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Course Description

Having a will is important for many reasons, however giving directions to an Executor, is one of the most important and valuable reasons. A will ensures that your assets and personal possessions are divided up among those individuals you wish to inherit them. Without a legally valid document setting this out, your estate will not necessarily be bequeathed according to your wishes.


Topics Discussed:

  • Drafting of a valid Last Will and Testament
  • Signing of a valid Last Will and Testament
  • Competency to make a Last Will and Testament
  • Effect of divorce or annulment of marriage on will – 3 months grace period
  • Encourage your client to review their Last Will and Testament at least once a year
  • Encourage your client to make a list of their assets at least once a year
  • Cremation / organ donation
  • Who can sign as witnesses to a Last Will and Testament
  • Statutory requirements / formalities of valid Last Will and Testament – section 2 of the Wills Act no 7 of 1953
  • If signed Will does not comply with formalities – section 2(3) of the Wills Act no 7 of 1953 – Court to declare Last Will and Testament valid

Goals

What will you learn in this course:

Topics Discussed:

  • Drafting of a valid Last Will and Testament
  • Signing of a valid Last Will and Testament
  • Competency to make a Last Will and Testament
  • Effect of divorce or annulment of marriage on will – 3 months grace period
  • Encourage your client to review their Last Will and Testament at least once a year
  • Encourage your client to make a list of their assets at least once a year
  • Cremation / organ donation
  • Who can sign as witnesses to a Last Will and Testament
  • Statutory requirements / formalities of valid Last Will and Testament – section 2 of the Wills Act no 7 of 1953
  • If signed Will does not comply with formalities – section 2(3) of the Wills Act no 7 of 1953 – Court to declare Last Will and Testament valid

Prerequisites

What are the prerequisites for this course?

No Prerequisites for this course

Deceased Estates Process Course: Last Will & Testament

Curriculum

Check out the detailed breakdown of what’s inside the course

Last Will & Testament
2 Lectures
  • play icon Part 1 01:00:58 01:00:58
  • play icon Part 2 53:52 53:52

Instructor Details

Bizfacility

Bizfacility

Financial Training Since 2010

Being from Bizfacility Financial training for over 10 years of providing training to accountants, bookkeepers and various business owners and companies, we also offer self-study courses to provide value adding knowledge, skills and tools through remote training and engagement that enables you to become more financially skilled.

We offer a variety of self- study courses, packages to provide understanding of all aspects of Bookkeeping, Accounting, Financial instruments, Management Accounting and Financial procedures that are essential for the running of a business.

As finance is a universal language, all online courses offered through UDEMY, are useful to anyone in the world as it complies with IFRS (International Framework of Reporting Standards) and does not include any country specific vat or tax content.

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