Author: Lindsey Thorpe – STBB
22 August 2017
BEQUEATHING SPECIFIC ITEMS
“I wish to bequeath specific items of jewellery to each of my children. Must these bequests be reflected in my will or can I do a letter of wishes?”
A letter of wishes is not a legally binding document. If your heirs in terms of your will are prepared to abide by the terms of a letter of wishes insofar as the distribution of the jewellery is concerned then that is in order but if they disagree then the assets must be dealt with strictly according to the will. It is therefore preferable to reflect the bequests in the will.
Contact STBB for professional assistance in your estate planning.