Wills and Estate Planning
Your tax commitments follow you to the grave and it is important to bear in mind that Sars has first claim to what is rightfully owing to them.
If a couple is married with the accrual system, the spouse’s pension fund interest will be taken into account when determining the value of his estate for the purposes of the accrual calculation, and a claim can be laid to
As your adult children become financially independent and your net wealth grows, you may find that you can reduce your life cover to a certain extent.
If you’ve previously made a soft loan to a friend or family member, you may be regretting that decision and contemplating asking for the money back.
A distinct advantage of drafting a separate Will for your foreign assets is that you can ensure that the Will fully complies with the laws of the country in which your assets are situated, and that no complications arise.
While a Will is used to direct the distribution of your assets after your death, a Living Will is designed to provide your loved ones and medical practitioners with guidance as to how you wish to be cared for while
When distributing your assets, the executor will first use your assets to pay the costs of administering your estate and to pay your creditors. Thereafter, your legatees will receive any legacies due to them in terms of any special bequests
From a legal perspective, the basis of a Living Will is that of ‘informed consent’ which means that the declarant must be fully aware of all the attendant risks involved.
The length of the winding up process largely depends on the size and structure of the deceased estate, but can also be delayed in instances where the deceased died of unnatural causes, where the Will is contested, where there are
When choosing witnesses for your Will, remember that no one who stands to benefit from your estate should be allowed to witness your Will. If a beneficiary to your Will also signs as a witness, he/she can be disqualified from
