info@freelawyer.co.za

Banks assist with Wills

Banks assist with Wills

Banks assist Wills

 

Banks that do Wills

 

In South Africa, some banks do offer services to help with wills. Here’s what some banks provide:

  • 📌 Drafting assistance: Some banks may provide help with drafting a basic will through online tools or consultations with advisors.

 

  • 📌 Safekeeping: Banks can securely store a copy of your will for safekeeping until it’s needed.

 

  • 📌 Acting as executor: You can appoint the trust department of your bank as the executor of your will. The executor is responsible for managing your estate according to your wishes.

 

 

It’s important to note that the extent of these services may vary depending on the bank. Here are some South African banks known to offer some level of assistance with wills:

 

First National Bank

 

FNB Wills and Estates

FNB offers a few ways to get help with your will:

  • ✅ Drafting a Will: You can draft a basic will yourself using their online tool on the FNB App.
  • ✅ Expert Advice: If you need more help or have a complex situation, you can contact FNB Fiduciary for consultations with advisors who can guide you through the process.

Here are FNB’s contact details for wills and estate planning:

  • ✅ Phone: 087 736 3555
  • ✅ Email: fiduciary@fnb.co.za

Additional Information:

  • 📌 FNB also offers safekeeping services for your original will at no cost [FNB Wills].
  • 📌 They can also be appointed as the executor of your will [FNB Wills].

Keep in mind:

  • 📌 FNB’s online tool might not be suitable for everyone, especially if your situation is complex.
  • 📌 Consulting with a financial advisor can be helpful to ensure your will meets your needs.

 

 

ABSA

 

ABSA wills and Estates

Absa offers assistance with wills through their Absa Trust division, specifically through a service called Wills Direct. Here’s what Absa provides:

  • 📌 Wills Direct: This service allows you to get a professionally drafted will over the phone with a consultant. They will guide you through the process and ensure your wishes are accurately reflected in the document.

For contacting Absa Wills Direct, here are the details:

  • 📌 Phone: 0860 627 775 (Monday to Friday, 8:00 AM to 4:00 PM)

Additional Absa Services:

  • ✅ Safekeeping: Absa can securely store a copy of your original will for safekeeping.
  • ✅ Executor Services: Absa Trust can be appointed as the executor of your will. The executor is responsible for managing your estate according to your wishes after you pass away.

Here are some things to consider:

  • 📌It’s advisable to check with Absa directly for any updates on their services or fees for Wills Direct.
  • 📌 While Wills Direct offers phone consultations, you might prefer an in-person meeting for a more personalized experience. In this case, exploring other estate planning options Absa might offer could be helpful.

 

 

Old Mutual

 

Old Mutual Wills and Estates

Old Mutual focuses on providing tools and information to help you draft your own will, rather than directly assisting with the drafting process. Here’s what they offer:

  • ✅ Online Will Drafts: Old Mutual provides an online platform where you can create a basic will yourself through a guided questionnaire [Old Mutual Will].

 

  • ✅ Will Storage: Once you’ve created your will, Old Mutual offers a secure storage service to keep it safe until it’s needed [Old Mutual Will].

While Old Mutual doesn’t offer direct drafting assistance, here are their contact details for any questions you may have about wills and estate planning:

  • ✅ Phone: 0860 50 60 70 (Old Mutual Contact Centre)
  • ✅ Email: will-support@oldmutual.com

Additional Points:

  • 📌 Old Mutual also offers general information and resources on estate planning, including the importance of having a will and the role of an executor [Old Mutual Wills and Trusts].

 

  • 📌 If your situation is complex, you might consider consulting with a professional estate planner or lawyer for personalized advice on drafting your will.

 

 

Standard Bank

 

Standard Bank Wills and Estates

Standard Bank offers a few services related to wills, but they don’t directly assist with drafting the will itself. Here’s what they provide:

  • ✅ Safekeeping: Standard Trust, a division of Standard Bank, can securely store your original will in their vault for safekeeping [Standard Bank Wills]. This ensures your will is protected from loss, theft, or damage.

 

  • ✅ Executor Services: You can appoint Standard Trust as the executor of your will. The executor is responsible for managing your estate according to your wishes after you pass away [Standard Bank Deceased Estates].

While Standard Bank doesn’t draft wills, here are their contact details for any inquiries about wills and estate planning:

  • 📌 Email: StandardTrust@standardbank.co.za (For general inquiries)
  • 📌Email: StandardTrustCRC@standardbank.co.za (For complaints)

Here are some additional things to consider:

  • ⚠️ If you need help drafting your will, Standard Bank doesn’t offer that service directly. You might want to explore using their online resources on estate planning for guidance [Standard Bank Wills] or consult with a lawyer or professional estate planner.

 

  • ⚠️ Standard Bank offers consultations with advisors on various wealth management topics, which might include estate planning discussions. You can contact them through Standard Bank for more information.

 

 

Capitec

 

Capitec Wills and Estates

 

Capitec Bank itself doesn’t directly assist with drafting wills or appointing executors. However, they do provide some helpful resources and information on their website regarding wills and estate planning:

  • ✅ Information on Wills: Capitec offers an informative article on their website that discusses the importance of having a will and the different options available for drafting one. They also touch on the benefits of using a lawyer and provide some guidance on DIY approaches [Capitec Write a Will].

 

  • ✅ Estate Planning Tips: Their “Get Your Financial Affairs In Order” webpage highlights the importance of keeping a “lifebook” which can include crucial documents like your will and contact information for executors [Capitec Lifebook].

Here are Capitec Bank’s contact details if you have general banking questions:

  • ✅ Phone: 0860 427 483 (Monday – Friday, 8:00 AM to 5:00 PM)
  • ✅ Email: [email address removed]

Remember:

  • ⚠️ Since Capitec doesn’t provide legal services, it’s recommended to consult with a lawyer or professional estate planner for personalized guidance on drafting your will, especially if your situation is complex.

 

 

Nedbank

 

Nedbank Wills and Estates

Nedbank offers some assistance with wills and estate planning, but they don’t directly draft wills themselves. Here’s what they provide:

  • ✅ Information and Resources: Nedbank has a dedicated webpage on their site that discusses the importance of wills and trusts in estate planning [Nedbank Estate planning, wills and trust services]. This page offers general information and highlights the benefits of having a will.

While Nedbank doesn’t draft wills, they can connect you with professionals who can help:

  • ⚠️ Financial Advisors: Nedbank Private Wealth offers consultations with financial advisors who can guide you through the estate planning process, including recommendations for lawyers or will-drafting services [Nedbank Estate planning, wills and trust services].

 

  • ⚠️ Executor Services: Nedbank can act as the executor of your will through their Executor Services. The executor is responsible for managing your estate according to your wishes after you pass away [Nedbank Estate planning, wills and trust services].

Here are Nedbank’s contact details for inquiries about wills and estate planning:

  • ✅ Phone: 080 268 6430 (Wills and Trust Services)
  • ✅ Email: financialplanning@nedbank.co.za (For general inquiries about estate planning)
  • ✅ Email: estatesinland@nedbank.co.za (For inquiries about Executor Services)

 

 

Investec Bank

 

Investec bank Wills and Estates

Investec Bank itself doesn’t directly assist with drafting wills or appointing executors. However, similar to other South African banks, they provide some resources and information to help you with estate planning:

  • 📌 Informative Content: Investec offers articles on their website that discuss the importance of wills and estate planning. These articles provide tips and answer common questions, but don’t replace professional legal advice.

 

  • 📌Focus on Financial Planning: While not directly related to will drafting, Investec emphasizes the role of financial planning in your overall estate strategy.

Here are Investec’s contact details if you have questions about wealth management

  • ✅ Contact Investec Private Bank: You can find contact information for your nearest Investec Private Bank branch through their website [Investec Contact Us]. These advisors might be able to provide more specific guidance on how estate planning fits into your financial goals.

For legal matters related to wills, it’s recommended to consult with

  • ✅ A lawyer specializing in estate planning: They can draft a will that meets your specific needs and ensure it’s legally sound. Investec might not be able to recommend specific legal professionals, but you can search online or ask for recommendations from friends or family.

 

 

Read more about: