Sue Torr
One of the hardest realities of divorce is that the same pool of income and assets now has to support two households instead of one. There are two sets of rent or bond repayments, two sets of utilities, furnishings, insurance
If your spouse is named as the beneficiary of a domestic life policy, the proceeds are considered deemed property in your estate. However, Section 4q of the Estate Duty Act allows for a full deduction of such proceeds when calculating
inancial clutter is one of the most common issues we come across when taking on a new client. A client may have several retirement annuities, a handful of unit trust accounts, multiple risk policies, and perhaps a living annuity. Individually,
For many business owners, their share in the business represents a significant portion of their personal wealth and forms an integral part of their estate. As such, it is essential to protect this value against unforeseen events such as death
The idea that ‘to those whom much has been given, much is expected’ speaks directly to stewardship in the realm of philanthropy. Those who find themselves with an abundance of resources carry a responsibility to consider the needs of others.
If you marry without signing an antenuptial contract, your marriage automatically defaults to in community of property with a single, joint estate. In terms of this marital regime, all assets and liabilities acquired both before and during the marriage merge
One of the unique features of a trust is that it never dies. Unlike individuals, who are subject to estate duty and executor’s fees on death, trusts continue seamlessly from one generation to the next. This means that assets housed
Gap cover is short-term insurance that protects medical scheme members from shortfalls between the medical scheme rate and the actual rate charged by specialists during hospitalisation—often as much as five to six times the scheme tariff.
Living annuities are highly effective succession planning tools because you are free to nominate any beneficiaries you wish. On death, the proceeds are paid directly to those beneficiaries, usually within a short time, once the administrator has been notified and
Few areas demonstrate the price of indecision more clearly than debt. High-interest loans left unconsolidated grow relentlessly as interest compounds. What may once have been a manageable problem quickly escalates into a burden that feels insurmountable.
