Much ignorance exists regarding the use of trusts during bequests. This article will endeavour to shed some light on this important issue. An Inter-Vivos Trust is also known as a living or family trust as it is set up during your lifetime. A trust is the ideal long term structure with which to protect assets […]
Month: December 2015
What is the cost of my estate duty?
In terms of the stipulations of Article 4 of the Act on Estate Duty No 45 of 1955 certain deductions (known as rebates) from the net value of an estate are allowed in order to determine the final value of the estate which will be subject to estate duty. The following two rebates are […]
Entertainment at your local restaurant or nursery: Who bears liability for your child’s injury?
We often hear of accidents in which a child or toddler is injured. Has this become something which society accepts as the norm … that accidents do happen? Who bears liability in this case and who is responsible for safety in these situations? Accidents happen so quickly – the kind which turns a day of […]
Why is the transfer of my property taking so long?
After signing a deed of sale, the purchasers often want to move into the property with great excitement and as soon as possible. When they are informed of the process involved prior to the property being transferred this may place a damper on their excitement. Coupled with this there may even be delays in the […]