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As a central knowledge portal to the retirement and related industries, EBnet publishes a range of daily articles submitted by a range of industry organisations, experts and contributors. Readers can also comment on and contribute to articles.

Life in lockdown during the Covid-19 pandemic has given people time to reflect on their personal affairs, leading to an increase in numbers of people making and updating their Last Will and Testament in a bid to regain control over their lives.

With social distancing protocols however, having a will witnessed by two persons who will not be benefitting from it, and who are together at the same time, as prescribed by the Wills Act, could be difficult. A will cannot be signed electronically but a competent person, who is older than 14 and who does not benefit from it, may sign as a witness.

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Pension fund members who do not keep their nomination of beneficiaries forms updated risk their family members being unable receive death benefits after they have passed on.

The wishes of the deceased are taken into account by Boards of Trustees, who have to have to consider the distribution of death benefits to potential beneficiaries.

The nomination of beneficiaries’ form must be kept up to date with all necessary information, to have peace of mind knowing that all relevant information would be available for Trustees to make a just allocation between the deceased’s legal and factual dependents...

Your will is one of the most important documents on which you ever have to place your signature. It is your last wishes on earth and the document that determines how your assets should be divided, nominates an executor and trustee to take care of the division of the estate's assets and to handle the administration of any trust assets.

A will should comply with certain legal requirements to be valid and the validity of this document is prescribed in the Wills Act that sets the rules for a signed will to be legally accepted by the Master of the High Court.  All wills must be in writing and can be...

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