Sue Torr
If it’s been several years since you implemented your disability cover, ensure that your insurer has been kept up to date with any changes in your lifestyle, occupation, or health. For example, if you’ve started smoking, changed careers, or taken
Many parents—especially those with multiple children—struggle to determine how best to distribute an inheritance. In this regard, it’s helpful to consider the difference between equal and equitable.
In terms of the Long-term Insurance Act, the annuitant may nominate one or more beneficiaries to receive the remaining value of the living annuity on death, meaning that a living annuity is both a tax-efficient estate planning tool and an
International markets offer South African investors access to industries and sectors that are largely underrepresented or absent locally, including biotechnology, semiconductor manufacturing, aerospace and defence, electric vehicle production, and cloud computing infrastructure – with these sectors often being at the
It’s important to remember that your tax obligations do not end at death. One of the executor’s primary responsibilities is to settle any outstanding tax obligations with SARS, including unresolved returns from previous tax years. For income tax purposes, a
A common and costly pitfall in divorce proceedings arises from improperly worded divorce orders. As such, it’s vital to ensure that the divorce order clearly and unambiguously states the intended division of pension interest to be valid and enforceable.
Following on from the above, it’s important that investors accurately declare their over-contributions to SARS and do not mistakenly claim them as tax-deductible in the year they are made, keeping in mind that incorrect reporting can result in the disallowance
Recency bias happens when investors give too much weight to recent events, ignoring long-term data and trends. For instance, after the sharp market crash triggered by the Covid pandemic in early 2020, many investors panicked and sold their investments –
Before you can start planning the possible division of assets, the first step is to understand the nature of your marriage contract and how this affects what you are legally entitled to in terms of law. If you are married
As the trust founder, you will be required to relinquish control of your assets into the care of your nominated trustees and, in doing so, you will want to ensure that you have full trust in the person (or people)
