A will also call a Testament is a signed, written, and legal document that outlines how a person wishes to distribute their estate after their death. Most people can write a simple will without a lawyer, but some situations require professional help. It also nominates who is responsible for the management and distribution of the estate.
It is a very important document to have because it communicates clearly and precisely how you wish your inheritance to be distributed, should you pass away. Mainly a Will contains four basic information, namely:
- Instructions for how and when beneficiaries will receive the assets.
- Beneficiaries of the Assets
- Guardian for any minor children
- The assigned Executor who will be responsible
The above components are the guiding rope in the process of curating a Will. In rare cases when there is no Will, the state in which you live distributes your assets according to certain laws which may not be favorable to some of your beneficiaries.
Different types of last will and testament
There are different types of Will’s but for context’s sake, we will stick to the four most common types, which are namely Simple Will, Testamentary Trust Will, Joint Will, and Living Will. They all share the common factor which is to communicate and give guidelines on how the assets must be handled in time of death.
A Simple will allows you to decide who will receive your assets and name a guardian for any minor children. It is considered as the easiest will, to write but you are advised to seek Legal advice to sort out the fine print. A
Testamentary Trust will name a trustee to handle the trust and places the assets into a trust fund. This form of will is beneficial to Estate owners who want to make sure they live everything in order, especially if the beneficiary is a minor.
Joint Will is signed by two or more people as a separate Will for each testator. Generally, it is executed by spouses in favor of the other spouse to inherit everything. It is considered the most problematic type of the four.
A Living Will allows you to choose what medical treatments you want to have if you become incapacitated. On this, you may also name someone to make decisions on your behalf.
SpeakPortuguese your Translation partner.
No matter where the person lives or held assets during his or her lifetime, when his or her will has multijurisdictional or foreign connections a number of practical challenges can arise, including dealing with foreign language and translation challenges, such as obtaining official translations of any documents as necessary, and efficiently communicating between estate trustees, beneficiaries, creditors, asset holders, professional advisors, including managing time zone challenges, courts, etc.;
Speakportuguese is an established and professional provider of certified translations of wills and other legal documentation. If you are required to present a last will and testament in a foreign language for official purposes, for example when the deceased made their will abroad, for applying for a grant of representation, you will need a certified translation – a translation done by a sworn translator. We can deliver accurate translations accompanied by a certificate of accuracy and the details required by official bodies.
To get an accurate quote for translating and certifying your documents, simply send a scanned copy, good quality picture, or the digital version to info@speakportuguese.co.za or upload them using one of the contact forms on the website (www.speakportuguese.co.za ) and we will get back to you with an official quote shortly.
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