WILLS age at the time of divorce was 45 years for males and 41 years for females , indicating that , on average , divorced males were four years older than divorced females .
The 2021 statistical release on divorces in SA is based on 18 208 completed divorce forms received and processed by Stats SA , reporting divorce data for the year 2021 .
In your will , consider who you want to inherit your assets and property . You may want to leave your assets to your spouse , children , or other family members . You could also consider including any charities or organisations that you support .
You may even have a business partner or offshore assets at this stage of your life , and this would mean additional considerations
with regards to your will and other documents such as buy and sell agreements or trusts .
You should also review the beneficiaries of your retirement and life insurance policies . These policies will pass to the designated beneficiaries , regardless of what your will says . Make sure that your beneficiary nominations are up to date and reflect your current wishes .
In your 60s and beyond If you ’ ve retired , sold your home , exited businesses , or lost a spouse , you should update your will to reflect these changes .
Consider your healthcare wishes and include them in your will . If you become incapacitated , a healthcare power of attorney can make medical decisions . You could also consider creating a living will ,
SA Real Estate Investor Magazine APRIL / MAY 2023 86