Your will states your wishes after you pass away
“Where there’s a will there is a way” is a saying that holds true for your finances as well. Your Will is an important part of your financial plan. By setting up your Will you can determine who inherits your assets and state what needs to be done to protect those you care for if you are no longer there. A GetUp Will safeguards your estate and makes your last wishes known. Yes, we know it’s a hassle and not something you want to think about but that’s why we’ve made it free and simple to set up.
Create your online will for free and protect those who matter most when it matters most.
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What makes a GetUp Will great?
Knowing your family is taken care of
Take care of your family, especially children and other dependents such as parents, by putting your wishes on paper if you are no longer there to take care of them personally. If you do not have a valid Will, there may be long delays in winding up your Estate, leaving your loved ones in limbo.
Avoid delays in winding up your Estate
Approximately 70% of people who die in South Africa don’t have a will. The process to wind up an Estate can be complicated without a will. Getting your Estate resolved requires an Executor to be assigned. Without a will, there is a backlog of Estates being assigned to Executors by the state. Your bank accounts and assets are frozen until the Estate is finalized which places your family under severe financial stress.
Do the right thing AND ensure peace of mind
A GetUp Will is a Life Hack solution that gives YOU peace of mind! By stating your wishes, you alleviate the underlying worry about your family and what will happen to them – because you have planned for this eventuality.
It’s all in the detail...
WHAT IS GETUP'S WILL SERVICE?
GetUp has partnered with Will experts Cliqtech to make the creation of a Will available to as many people in South African as possible. We know many people prefer not to think about what will happen after they pass away but not having a will can have dire consequences for those left behind. A Will is an extremely important part of good money management and a critical building block for anyone who wants to put a proper plan in place. In South Africa approximately 70% of people die without a Will in place.
01How old do you have to be to have a valid will?
You must be 16 years of age or older and must be mentally capable of understanding the consequences of your actions at the time that the will was drafted.
02What will happen if I don’t have a Will?
Firstly, without a Will your assets will be assigned according to law and not to your wishes.
Secondly, there is a backlog of Estates being assigned to Executors by the Master of the court due to so few people having Wills in South Africa. This delay results in Estates lying untouched for many months until the law takes its course and an Executor is identified and assigned by the State. As a result, bank accounts and assets are frozen until the Estate is finalized not allowing access to much needed funds for the remaining family members.
03What Makes Getup’s Will Different?
With technological advancement we have made the process of setting up a Will straightforward and simple. The best part is you can do it in the comfort of your home at your own pace and the necessary support is there should you need it.
We’ve partnered with experts in the field to ensure you get the best possible service and support.
Creating a Will is free for those who only require drafting a Will with the understanding that they will take accountability for storage and other arrangements.
For GetUp Funeral clients we offer GetUp Will as a Life Hack to ensure that we are fully enabled to support you and your family if the unexpected should happen.
04How Does It Work?
Step 1
Register your profile to create your free online Will. You can access or update your Will at any time by logging in with your Identity and Cellphone Number.
Step 2
Once you have registered you will be redirected to a secure space to start drafting your will – in your own time, at your own pace.
Step 3
On completion of your Will, you can print the Will and sign and store it as per the instructions you will be given. It is critically important to sign a Will in the correct way to ensure it is a legally binding document. So be sure to follow our instructions under “READ THE GUIDE TO YOUR WILL” closely.
Step 4
As a GetUp client, you qualify for further optional, paid for, benefits! One such benefit is the storage of your Will. We refer to this as SmartStorage. This service includes a courier to collect your signed Will and securely store it for you. Free lifetime updates to your Will as well as annual collection of the signed updated Will is included. Should you pass away we will make the Will available to the Executor when they require it.
Step 5
Another optional benefit we offer is SmartCheck. We perform SmartCheck which offers automated functionality to check your death status with the Department of Home Affairs on a monthly basis. You have peace of mind that your family will be notified of your Will and that your final wishes will be followed. This service makes it harder for estranged beneficiaries to ‘lose’ the Will and benefit through the laws of intestate succession.
Step 6
The final optional benefit we offer is SmartExecutor. With this benefit you can greatly reduce the Executor fees you pay when your estate is finalized.
05How Long Is My Will Valid For?
A Will is valid if it has been completed and signed correctly. In general, a Will is valid until your death, but there are a few exceptions. For example, if you were married at the time you made a Will and then later got divorced, certain portions or your entire Will can be revoked.
Therefore, it makes sense to update your Will regularly as your situation changes.
The latest completed and signed copy of your Will supersedes and revokes any previous Wills completed by you.
06How Often Can I Update My Will?
It is best to update your Will whenever your personal circumstances change to ensure that your Will is always up to date and relevant. Examples of important changes in circumstances are getting married, getting divorced, having children, moving to a new home, losing loved ones, acquiring, or losing assets and many more.
As a Metopolitan GetUp client, we offer you unlimited, free online access to view and update your online Metropolitan GetUp Will.
For clients who have elected SmartStorage, Metropolitan GetUp Will can be updated, and courier collection and delivery will be free once per annum should the client need to update the Will.
07Do I Need A Will If I Don’t Own A House Or Car Yet?
So, you might think that you don’t own anything and therefore don’t need a Will, right? Well, you’re wrong. Here’s a few things you need to consider:
Firstly, you might own more than you think. Have you thought of your bank accounts, money due to you by your employer, your retirement savings or even the furniture you own?
Secondly, many people think Wills are simply about giving your “stuff” away when you die. If you have young children, it’s important to consider who will care for them if something happens to you.
Lastly, whether you own a lot or very little, someone must take responsibility to settle your final affairs after you pass away, including paying your last bills, taking care of outstanding expenses, and distributing your remaining money and assets. Without a will in place, the court will appoint someone to handle these things. A GetUp Will provides you with a trusted Executor to assist your family to finalise your Estate.
08What If I Don’t Have Dependents - Do I Still Need A Will?
If you don’t have any dependents or close family, it is still important to draft a Will. Your Will allows you to explore other options in terms of who benefits from your estate, for example a charity that you support or a cause that you are passionate about. If you don’t state these as beneficiaries in your Will, your assets will be distributed in terms of the laws of intestate succession and not necessarily according to your wishes.