54% of South Africans still don't have a last will, study finds

Head of wills operations at Sanlam Trust, Moremadi Mabuleb, said that between COVID-19, various climate disasters and social unrest, they found that 84% of respondents had become more aware of their own mortality.

DOJ&CD Western Cape regional office officials assist community members at the Athlone Magistrates Court to draft wills and educated on the importance of wills. Picture: @DOJCD_ZA/Twitter

CAPE TOWN - A recent survey shows that 54% of South Africans still do not have a last will and testament.

This is according to the latest Sanlam study by Brand Atlas.

This week is National Wills Week.

Head of wills operations at Sanlam Trust, Moremadi Mabuleb, said that between COVID-19, various climate disasters and social unrest, they found that 84% of respondents had become more aware of their own mortality.

But despite this, many still do not have a last will.

"In the 18 months during the pandemic, we've seen that people are encouraged to take action. Forty-four percent of the people we serviced either updated their wills or drafted a new one for the first time."

According to the study, white men aged 50 and above considered tax efficiency a lot more than 25 to 39-year-olds, who were more interested in controlling how their assets would be dispersed.

The study found that 46% of women indicated they had wills in comparison to 54% of men.

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