The Importance of a Will: Stories of Legacy, Love, and Lessons!
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Highlighting the importance of having a valid will through heartwarming stories, demonstrating how Capital Legacy and Good Things Guy are making a difference in securing legacies and sparing loved ones from unnecessary hardships.

 

Johannesburg, South Africa (19 September 2023) – In partnership with Capital Legacy, Good Things Guy is celebrating Wills Month by sharing heartwarming stories that highlight the significance of having a valid will.

Traditionally, September marks Wills Week in South Africa, a time to emphasise the importance of having a will. This year, Good Things Guy has joined forces with Capital Legacy to extend this crucial message throughout the entire Wills Month. Together, we aim to shed light on the real stories that underscore why having a will is not just a legal necessity but a way to ensure your legacy lives on in the most positive and meaningful way possible.

Capital Legacy: Navigating the Path to a Lasting Legacy

Capital Legacy, our partner in this mission, is an organisation that specialises in estate planning and legacy preservation. They bring a wealth of expertise to the table, ensuring that your final wishes are honoured and your loved ones are supported during what can be an emotionally challenging time. With Capital Legacy by your side, creating a will becomes a seamless process, safeguarding your legacy and sparing your loved ones from the stress of navigating complex legal matters.

Alex Simeonides, CEO of Capital Legacy, passionately emphasises the importance of wills: “Wills Month is our way of further driving this message home to all South Africans. My team and I look forward to helping you get your affairs in order this September, as we do every month. Through our collaboration with Good Things Guy, we want to make a real difference and help you leave the legacy you intend to.”

But our message doesn’t end at just creating a will; it extends to maintaining it as well. Just as you service your car or prioritise annual health checks, updating your will is equally vital. Life is an ever-evolving journey, and circumstances can change in the blink of an eye. A will that was once comprehensive may no longer accurately reflect your wishes or assets, potentially leaving your loved ones in turmoil.

Capital Legacy Wills and Estate Specialists

Story 1: Learning from My Dad’s Legacy

In a simple life lived by my father, the importance of having a will became strikingly clear. My dad, a dedicated government worker, provided for our family with his modest income. Growing up, I learned valuable life lessons from him and eventually pursued a career as a financial advisor. While I excelled in sales, I was oblivious to the complexities surrounding a client’s passing.

Tragedy struck when my father unexpectedly passed away, leaving behind a substantial property and assets.

Sadly, he hadn’t prepared with a will, relying on various insurance products that didn’t provide adequate financial security. The aftermath was a harrowing ordeal of legal fees and debt, lasting four painful years. This experience led me to a mission: ensuring no one else faces such turmoil during a loss.

Capital Legacy became my ally, reinforcing the importance of having a will. To safeguard your family, I implore you, for the sake of your loved ones, make sure you have a will in place, appointing professional executors who will be there when your family needs them most.

Story 2: A Single Dad’s Wise Preparation

In a story that could have ended in disaster, the wisdom of having a will shines through. A single dad, responsible for his son James, had recently relocated to Cape Town. Tragically, he suffered a massive heart attack and passed away, leaving James financially dependent.

Luckily, he had recently updated his will and established a Legacy Protection plan with Capital Legacy. With a will in place, James was spared the daunting task of navigating the legal system alone. Capital Legacy, as the executor, offered unwavering support to the grieving son. The will also provided for a trust to secure James’ future, ensuring his inheritance wouldn’t slip through his fingers.

This hands-on, personal service made a significant impact on James, who remains grateful to this day for his father’s decision to secure his estate with Capital Legacy.

Story 3: The Unintended Consequences of an Inadequate Will

Sometimes, even the best intentions can lead to unintended consequences. Take my grandfather, for example, a man known for his love of life and a penchant for marrying younger women. When he passed away, he left behind an estate divided among his children, including a property.

However, a poorly structured will included a usufruct clause that allowed his new wife to live in the house indefinitely, effectively preventing his children from accessing their inheritance.

Bitter feuds ensued, lasting for decades. This situation highlights the importance of having a well-thought-out will that considers the practicalities of its clauses. Don’t let good intentions result in unintended harm.

Story 4: When a Farm’s Value Grows Unchecked

A farmer’s will from over three decades ago seemed fair at the time, with a set selling price for his farmland. However, when he passed away 30 years later, the land’s value had soared, leaving his children with a pittance compared to their expectations. Legal battles ensued, costing the family more than the inheritance was worth.

This story teaches us not to overcomplicate our wills with stipulations that attempt to control beyond the grave and, crucially, to keep our wills up to date to reflect changing circumstances.

Story 5: When Greed Tears a Family Apart

My mother was the youngest in her family, and her aging aunts seemed more like grannies to me. When my grandmother’s health declined, my mother became her primary caregiver. Yet, when my out-of-town aunts arrived, they came not to help but to label and claim items in my grandmother’s house. With no will in place, chaos ensued, and my mother received no inheritance, causing years of icy family gatherings.

The lesson here is clear: a will can prevent such heartbreak and family discord.

These stories, while emphasising the importance of wills, also highlight the positive impact that careful estate planning can have on your loved ones. By taking the time to create and maintain a valid will, you can ensure that your legacy brings joy and security to those you leave behind, sparing them from unnecessary hardships and conflicts.

Wills Month is the perfect opportunity to start this essential conversation about securing your legacy, and Capital Legacy is here to guide you every step of the way.

Your legacy matters, and a will is the key to ensuring it shines brightly for generations to come.


Sources: Capital Legacy 
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About the Author

Brent Lindeque is the founder and editor in charge at Good Things Guy.

Recognised as one of the Mail and Guardian’s Top 200 Young South African’s as well as a Primedia LeadSA Hero, Brent is a change maker, thought leader, radio host, foodie, vlogger, writer and all round good guy.

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