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Categories
Category Archives: Will
The role of your child’s guardian
Choosing a guardian for your children is a huge decision to make and takes careful consideration. If you have minor children, it is always advisable to nominate a guardian in your will who will love and care for your children … Continue reading
Posted in Will
Tagged Children’s Act, financial planning, legal guardian
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Steps to take before drafting a will
Drafting a will requires the drafter to give careful thought to a number of important issues. If you’ve taken the wise step to consult with an expert to have your will professionally drafted, be sure to prepare yourself adequately for … Continue reading
Posted in Will
Tagged Executor, Liabilities, Trust
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Wills, trusts and deceased estates: Your questions answered
Estate planning and the winding up of deceased estates can be complicated areas to navigate. In this article we provide answers to some frequently asked questions about wills, trusts and deceased estates: When and where must a deceased estate be … Continue reading
Posted in Will
Tagged Administration of Estates Act, Deceased estates, Trust Property Control Act
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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
Posted in Estate Planning, Trusts, Will
Tagged Deceased estates, Estate Planning, Income Tax Act
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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
Posted in Estate Planning, Trusts, Will
Tagged Estate Planning, Family, Trusts, Wills
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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
The importance of having a well-structured Will
And why it needs to be updated every year or at least with every life event that occurs. People often neglect to give proper attention to their Will because it forces them to face their own mortality. Yet this is … Continue reading
Posted in Will
Tagged Intestate Succession Act, Standard Trust, WILL
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Duties of an executor
The tasks outlined in the summary below fall under the duties of the executor who may be a family member, a trusted friend or a financial institution. Please note: this is a basic guide for straightforward cases. Possible complications and … Continue reading
Posted in Will
Tagged Acceptance of Trust, Master of the High Court, The executor
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Need a second chance? Get your will in order today!
Everybody deserves a second chance, the saying goes. With your will, you have unlimited “second chances” to correct any past mistakes or to change your mind. With so many chances, it is mind-boggling and tragic that court records are replete … Continue reading
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