National Wills Week will take place from 13 to 17 September 2021 and acts as a reminder to South Africans of the importance of having a valid and up-to-date will. It’s an opportunity to have your will drafted for free – and to leave a lasting legacy that saves lives long into the future.
Your will is an important legal document, but it’s also a reflection of your unique life story – the people, places and causes that matter most to you. By leaving a gift in your will to the NSRI – no matter how big or small – you can ensure your legacy saves lives, long after yours has ended.
Because the NSRI is totally reliant on donations and sponsorships, each and every bequest made to the NSRI is actively used to save lives.
What is South African National Wills Week?
National Wills Week is an annual reminder of the importance of having an up-to-date will to ensure your wishes are carried out after your death. From 13 to 17 September 2021, participating attorneys across the country will be drafting wills for free, making it the perfect time to review and update your will – or to draw up a will if you don’t yet have one.
Remember that your will needs to be reviewed when your family or financial circumstances change (for example, if you buy or sell a property or make an investment), if a beneficiary dies, you have children or grandchildren, or your executor dies or becomes unfit to act on your behalf. Even if none of these changes take place, it is still advised that your check your Will is valid.
The Law Society of South Africa lists the attorneys participating in National Wills Week by province.
How do I leave a bequest to the NSRI?
In your will, you can bequeath an amount in cash – either a fixed amount or calculated as a percentage of your residual estate – or a specific asset, such as a piece of land or valuable collectors’ items, or even a combination of these. This is entirely your choice, and you are entitled to attach certain conditions to such a bequest.
Should you wish to leave a gift in your will to the NSRI, you can simply download a codicil and attach it to your will.
What are the tax benefits of making a bequest to the NSRI?
In addition to supporting the lifesaving work of the NSRI, there are tax benefits of leaving a bequest to a registered NGO such as the NSRI. Bequests are tax deductible on your estate duties. This means that making a bequest will limit the amount of estate duty paid out of your estate.
Every bequest and donation is accounted for in the NSRI Annual Integrated Report
For more information about leaving a bequest to the NSRI contact Dean Wegerle by emailing dean@searescue.org.za or calling 021 434 4011.
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