Properly executing a will is extremely important
I gave instructions to my attorney to prepare a last will and testament for me as my will no longer reflected my wishes. At my request, my attorney emailed the will to me with clear instructions as to how I should go about signing it. I asked my neighbours to act and sign as witnesses. […]
Does a representative of a deceased estate have the capacity to sell immovable property?
Section 18(3) of the Administration of Estates Act, 66 of 1965, (the Act) provides that where the value of an estate is below R125 000,00. “the Master may dispense with the appointment of an executor and give directives as to the manner in which any such estate shall be liquidated and distributed.” The aforesaid, “give […]
Swak opgestelde testament doen baie skade
Swak opgestelde Testament en die gevolge daarvan… ‘n Vriend storm in met ‘n navraag van sy kliënt, ene Mev X (X). Haar (X) saamblymaat (Y), van vele jare, is reeds ‘n paar maande gelede oorlede en alhoewel sy die vruggebruik (VG) van al die kontant in die boedel (sowat R 4 miljoen) van Y geerf […]
Deregistrasie Van Beslote Korporasies
Hoe Veilig Is Jou Eiendom In Jou Beslote Korporasie? Gedurende 1985 tot 2008 was Beslote Korporasies (Closed Corporations) baie gewild vir veral die bedryf van klein sakeondernemings en vir die huisvesting van onroerende eiendom. ‘n Beslote Korporasie of “BK” soos dit alom bekend staan, was aanvanklik ‘n eenvoudiger en goedkoper entiteit om te bedryf. Dit […]
Etiese Gedrag Van Adviseurs En Kliënte
Mens hoor dikwels die uitdrukking onder sake persone: “die kliënt is koning”. Dit veroorsaak dat kliënte die betekenis daarvan, soms uitbuit en verwag in baie gevalle die onmoontlike van die verkoper of adviseur. Dit het ook in baie gevalle die gevolg dat finansiële adviseurs en boedelbeplanners die reëls so vêr rek, dat dit grens aan […]
Deeglike beplanning spaar kostes
KOSTES EN BOEDELS Deeglike holistiese beplanning beperk onnodige kostes Almal is koste sensitief. As mense hoor van “Boedelbeplanning”, dink die meeste aan “polisse” en dit laat die antennas regop spring en onmiddellik kom die woorde: “Ek het ‘n makelaar en my goed is in orde”. Baie dink, dat as daar genoegsame doodsdekking (kontant) is, dat […]
Distributing retirement fund death benefits
Step 1: Identifying and tracing dependents Section 37C of the Pension Funds Act places a clear and onerous duty on the board of trustees to determine the fair and equitable distribution of death benefits of fund members. The first step is to find and identify dependants. This article provides an overview of the different types […]
Hey, Generation Y and Generation Z!
Do you think you can retire comfortably? Millions of South Africans rely on the money saved in their employers’ retirement fund to earn an income when they retire. For many people, this is their only formal savings for retirement. Unfortunately, too often, this money is still not enough to sustain them in retirement. Being a […]
Maintenance claims from life partner’s estate
“Should a person who has shared her home and life with her deceased partner, born and raised children with him, cared for him in health and in sickness, and dedicated her life to support the family they created together, be treated as a legal stranger to his estate, with no claim for subsistence because they […]
Life partners now qualify for intestate succession
The Constitutional Court recently confirmed the October 2020 ruling of the Western Cape High Court that section 1(1) of the Intestate Succession Act is unconstitutional in so far as it excludes life partners in a relationship intended to be permanent, as per the definition of “spouse”. The Court ordered parliament to amend two laws to […]
