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In the previous edition we informed you of the agreement between Legatus Trust and Clientèle in respect of their Estate Preservation Plan. Remember to keep your eyes on your inbox for the official presentation of this remarkable plan that protects the financial interest of the estate’s beneficiaries from the costs associated with the winding up of an estate, as well as providing financial security during this, sometime lengthy, administration process.
Wimbledon, strawberries and cream! What would Wimbledon be without this traditional snack at the annual tennis tournament?
The great performance recently of 32-year-old Kevin Anderson at Wimbledon, the first South African in nearly a century who made it to the final of the tournament, was indeed a memorable occasion. Kevin had a gruelling time getting there, though. Sunday, 15 July, was his third consecutive match against a top-12 player after he beat Roger Federer and John Isner.
Anderson’s positive attitude throughout the tournament was a quality that stood out amongst many who carried him to a first Wimbledon final and he reaped the rewards thereof.
“Even though it was a huge goal of mine, if you asked me this time a year ago, I don’t think I could sit here and say I really believe that I can win a Grand Slam and a Masters’ Series and say it with the same self-belief and confidence that I can now.”
Being ranked No 5 in the world, will certainly motivate and encourage him that he cán become the Wimbledon World Champion. No South African has yet been able to win this annual event. We share his excitement for the future and now also have hope in the possibility that one of our own could win a Wimbledon tournament.
→ Winners are not people who never fail, but people who never quit. →
→ ”have the Courage to follow your heart & intuition, they somehow already know what you truly want to become.” Steve Jobs →
→ If you don’t see yourself as a winner, then you cannot perform as a winner. Zig Ziglar →
TECHNOLOGY USED IN WILLS
….. Read more in the upcoming edition!
SIGNING OF A WILL
It sounds quite straightforward and like a simple task to sign a document. After all, one only needs a pen and must be able to make a signature. That is mostly true, but when it comes to certain legal documents, there are specific legal requirements to be met to validate the document. The correct signing of the document validates the Will and the incorrect signing thereof renders it invalid in part or altogether. It is your task as an advisor, to ensure that you know the requirements and that a Will is correctly signed.
The following needs to be kept in mind with the physical signing of a Will:
To get this right the first time, rules out any inconvenience of having to contact a client to arrange for re-signing. There are no short cuts in the proper signing of a Will as the incorrect signing thereof can render the Will partially or totally invalid, as stated before. Rather spend a little more time on this aspect of the Will to prevent complications and delays later.
A WITNESS is a person who sees the event of signature taking place. The witness does not have to have knowledge of the content of the Will. His/her only function is to be able to testify that the Will was signed by the testators.
The following are legal requirements in respect of the signing of a Will which must be adhered to in accordance with the Wills Act 7 of 1953, as amended:
Full instructions on the signing of Wills are available on our website at www.legatus.co.za
Don’t worry about failures. Worry about the chances you miss if you don’t even try. If plan “A” didn’t work, stay cool. There are still 25 letters in the alphabet.
How many unsuccessful attempts did Thomas Edison have before he invented the light bulb? He said: “I didn’t fail 1,000 times. The light bulb was an invention with 1,000 steps”.
Until next time.
“The Legatus Times” Team
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