If a parent dies intestate and leaves behind minor children, guardianship is usually awarded to the surviving parent. However, if both parents die simultaneously or within a short period, the Master of the High Court...
Underwriting is the process that life insurers use to assess the level of risk they are taking on when insuring an individual. Put simply, it’s how insurers determine whether to offer you cover, how much cover they are willing to
Assets already transferred into a trust do not form part of your estate and therefore cannot be bequeathed in your will. Remember, once an asset is placed in trust, it is managed by the appointed trustees in accordance with the
While trustees are not personally accountable to individual members in the same way a service provider might be, they do have a fiduciary duty to the fund and its members collectively. If you’re part of an occupational fund, it’s worth
Insurable interest is a legal and contractual requirement that ensures a person taking out life insurance on another individual stands to suffer a genuine financial or emotional loss should that person die – although keep in mind that emotional loss
One of the primary attractions of a living annuity is the investment flexibility it offers. Because it is not governed by the Pension Funds Act, the Regulation 28 asset restrictions fall away, and you can design a portfolio without caps
Fast forward a few decades, and many of those children are now the first in their families to earn a steady income, own property, or meet with a financial planner – their approach to money being shaped as much by
One of the key features of a fee-based model is its transparency, as the cost is usually expressed as a clear percentage of assets under management or a fixed Rand amount, with no hidden commissions, rebates, or third-party incentives.
In terms of the Income Tax Act, individuals can donate up to 10% of taxable earnings towards an approved Public Benefit Organisation (PBO) on a tax-deductible basis, but to receive the tax exemption, you need to ensure that the non-profit
A significant advantage of a living trust is that it allows you to peg the value of assets in your personal estate while enabling the growth on those assets to take place in the trust. This can reduce your estate
Significantly, the impact of lower earnings leads to reduced access to employer-sponsored retirement contributions, lower levels of group life and disability cover, reduced ability to invest meaningfully, and a diminished ability to benefit from compound growth over time.
