Category Archives: Trusts

Viewpoint: Deemed disposal at death

Section 9HA of the Income Tax Act is a deemed disposal rule for deceased persons is effective from 1 March 2016 and is applicable in respect of a person who dies on or after that date  Section 9HA of the … Continue reading

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Caring for your loved ones by caring for their future

We’ve all seen it in movies and novels: A young unsuspecting person wakes up one day to find out that they had been left an extraordinarily large estate from a distant relative that they hardly knew existed. We chalk it … Continue reading

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The death of a shareholder: what happens next?

A shareholder can be defined as a person, whether natural or juristic, who owns shares or stock in a company. A person can be a sole proprietor or owner of 100% of the shares, or a part shareholder where for … Continue reading

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ESTABLISH WHO THE EXECUTOR OF THE ESTATE IS

If the deceased had a will, they may have nominated an individual or a financial institution to perform the function of the executor of the estate. If no executor is nominated or the nominated executor is unable or refuses to accept … Continue reading

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IS U TESTAMENT OP DATUM?

Ons vra en beantwoord ‘n paar basiese vrae ten opsigte van die opstel van ‘n Testament. V: Wie behoort ‘n Testament te hê? A: Alle persone 16 jaar en ouer wat bates besit en wat bekwaam is om hul aksies … Continue reading

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DIE RISIKO’S OM SONDER ‘N TESTAMENT TE STERWE TE KOM

Die gevare en risiko’s en die gevolglike probleme wat ontstaan indien u sonder ‘n geldige Testament, m.a.w. Intestaat, te sterwe kom, is beslis nie beperk tot die voorbeelde wat hier gelys word nie, maar hierdie is van die algemeenste situasies … Continue reading

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U BOEDEL EN BEGRAFNISKOSTES

Die kostes ten opsigte van ‘n begrafnis of verassing kwalifiseer as geldige eise teen ‘n boedel en behoort dus as ‘n eis teen die boedel genoteer te word. In die verlede was begrafnisondernemers bereid om die diens te verskaf en … Continue reading

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HOW TO DEREGISTER A TRUST

Extract from Chief Master’s Directive 2 of 2017 – Trusts: Dealing with various trust matters The deregistration of trusts There is no provision in the Trust Property Control Act, 1988 that requires the deregistration of trusts. However, there may be … Continue reading

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