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Wills FAQ

Preparing a will can be a complex process depending on your particular requirements. Our wills team breaks down some of the frequently asked questions we get from our clients.

 
  1. How long does it take to prepare my will?
  2. How much does it cost?
  3. What information do you require?
  4. What is a guardian/testamentary guardian?
  5. What is an executor?
  6. What it a beneficiary?
  7. What is a trustee?
  8. Do you offer a storage facility?
  9. How often should I change my will?

1. How long does it take to prepare my will?

From start to finish, it will take up to ten working days. This will depend on when instructions are received and your availability to attend our offices for the purpose of signing and witnessing the will.

2. How much does it cost?

Our prices vary according to the complexity of your will. Our fees include an initial 30 minute or one hour face-to-face or telephone consultation.

3. What information do you require?

We have prepared a questionnaire to assist in gathering as much information as possible to ensure that all aspects of your estate are covered and that your will is relevant to your personal circumstances.

4. What is a guardian/testamentary guardian?

A guardian, or testamentary guardian, is a person, or people, appointed by you in your will to care for your child. This person, or people, have the same rights and responsibilities as a natural parent for your child in the event of your death. Any parent, or guardian, may appoint a guardian for a child who is under the age of 18.

5. What is an executor?

A person or institution appointed by a testator to carry out the terms of their will.

6. What is a beneficiary?

An individual, institution, trustee, or estate which receives, or may become eligible to receive, benefits under a will, insurance policy, retirement plan, annuity, trust or other contract.

7. What is a trustee?

A person who is appointed to administer the affairs of a trust.

8. Do you offer a storage facility?

The original will is needed in order to get probate. The Probate Registry will accept a copy in certain circumstances. It is therefore very important that the original will is kept in a safe and secure place.

We recommend to all our clients that they register their will with certainty so that their family members can easily find out where the original and most recent will is stored.

We can offer our international clients a secure facility in which to store their will and other documents. This ensures that their documents are held securely and centrally, allowing them to be located and accessed by your executors only after your death.

Our clients can also choose to have their original will stored at the Principal Probate Registry in London.

9. How often should I change my will?

Your life does not stay static and neither should your will. You should aim to review your will every three to four years. As a valued Sable International customer, we will automatically contact you every few years to confirm that the contents of your will still reflect your wishes.

Contact our wills team

Phone us: +44 (0) 20 7759 5531

South Africa

Cape Town

Regent Square
Doncaster Road
Kenilworth 7708 +27 (0) 21 657 2120

Durban

201 The Annex
Ridgeside Office Park
Umhlanga +27 (0) 31 536 8843

United Kingdom

London

Castlewood House
77/91 New Oxford Street
WC1A 1DG +44 (0) 20 7759 7514

Croydon

5-7 Selsdon Road
South Croydon
CR2 6PU +44 (0) 20 7759 7581

Australia

Melbourne

9 Yarra Street
South Yarra
VIC 3141 +613 (0) 8651 4500

Sable International is a trading name of 1st Contact Money Limited (company number 7070528) registered in England and Wales. Sable International is authorised and regulated by the Financial Conduct Authority in the UK (FCA no. 517570), the Financial Services Board in South Africa (FSP no. 41900) and holds an Australian Financial Services License issued by ASIC to deal in foreign exchange (AFS License number 335 126).

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