Contributed by Vincent Shimutwikeni, B. Juris, LLB (honours), CGRC-BP™, Manager: Legal Support

Retirement is often seen as a time to slow down, enjoy life, and focus on the things that matter most: family, health, and freedom from the daily grind. But just as we plan financially for this important life stage, legal planning remains just as essential. One of the most overlooked but crucial aspects of that planning is having an up-to-date will.

Whether you have been retired for a few years or are just settling into your new chapter, now is the perfect time to ensure your legal affairs are in order, and that starts with your will. It’s not just a document for the wealthy, or something to worry about “later.” A well-drafted will is a gift to your loved ones, a safeguard for your wishes, and a vital part of your legacy.

What Is a Will, and Why Is It So Important?

A will is a legal document that sets out how your possessions, money, and assets should be distributed after your death. It allows you to decide who receives what and how. From property and investments to sentimental belongings and personal items. More importantly, it appoints someone (your executor) to manage the winding up of your estate.

Without a valid will, your estate will be administered by the Master of the High Court and distributed according to a fixed legal formula, which may not reflect your wishes. This can lead to confusion, disputes, or loved ones being unintentionally excluded.

Why It Still Matters Even After Retirement

Many people write a will earlier in life, then file it away and forget about it. But retirement often brings significant changes in both lifestyle and financial circumstances, and your will needs to reflect that.

Here’s why reviewing or updating your will in retirement is so important:

1. Your family may have grown: You may now have grandchildren, new in-laws, or even dependants you hadn’t planned for when your original will was written.
2. You may have moved or downsized: If you have sold property, moved into a retirement village, or relocated to another region or country, these changes should be reflected legally.
3. Your assets may have changed: Whether you have drawn down your pension, sold investments, or acquired new belongings, your will should match your current estate.
4. You may want to simplify things: Retirement is a good time to ensure your affairs are in order and that the process for your loved ones will be as smooth as possible

More Than Money: The Emotional Value of a Will

While a will is a financial document, it carries great emotional weight. It allows you to leave a legacy, protect vulnerable loved ones, and even include special bequests like a piece of jewellery for a grandchild or a donation to a charity close to your heart.

How to Ensure Your Will Is Valid and Effective

Here are a few simple steps to make sure your will does what it’s supposed to:

1. Write it clearly and have it signed in front of two witnesses (who are not beneficiaries).
2. Name a trusted person as your executor.
3. Review it regularly, ideally every 3–5 years or after major life events.
4. Keep it in a safe place and let your family know where it is.
5. If in doubt, consult a legal professional or your retirement fund’s advisory service.

Having a valid and effective will is not about expecting the worst; it’s about preparing with wisdom and care. Even a basic will is better than none. It gives clear instructions and helps avoid confusion during a difficult time for your family.

Retirement is a season to enjoy the fruits of your labour, and part of that peace of mind comes from knowing your affairs are in order. A valid, updated will ensures your wishes are respected, your loved ones are protected, and your legacy lives on just as you intended.

So, if it has been a while since you looked at your will, or if you haven’t yet written one, consider this your gentle reminder. It’s one small step that makes a big difference.