Estates, Wills and Trusts - Legal Articles — Page 4

 

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Estates, Wills and Trusts

Trusting a Trust - Avoiding Beneficiary Problems in Setting up a Trust

Setting up a trust is aptly a trusted way to secure inheritance for the benefit of beneficiaries.

A trust can be described as either an inter vivos trust (living trust) which is set up during the life time of the trust founder, or a testamentary trust whose set up is provided for in a will, to be set up when the testator passes away.

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Executing a Will During Lockdown in South Africa – Is it Possible?

Many South Africans are wondering if executing a will during lockdown is possible and, if so, how can it be done while meeting all the legal requirements? Here are some tips on executing a will during lockdown.

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Wills and Estates in South Africa - Frequently Asked Questions

With their primary audience being executives and investors, we were honoured to be approached by one of Finweek's business journalists to answer frequently asked questions related to wills and estates in South Africa.

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Knowing How to Write a Will in South Africa- Part II

There are many areas of a will that, when not written correctly, can be misinterpreted. The result is your estate is not administered or distributed according to your wishes. This article is the final part of a two-part series that addresses how to write a will in South Africa and, most importantly, what mistakes to avoid.

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Mistakes to Avoid When Drafting a Will in South Africa – Part I

The most important thing to keep in mind when drafting a will is to make sure there is no room for uncertainty or ambiguity. This is to ensure that there is no confusion among heirs or beneficiaries regarding their inheritance which may result in a contested will.

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Buying a House in a Trust which Already Exists in South Africa

There are certain advantages and disadvantages that come with buying a house in a trust that already exists.

In this article, we discuss the various benefits and implications of purchasing immovable property in the name of an existing trust.

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Intestate Succession – What Happens if You Don’t Leave a Will?

If you die without leaving a will in South Africa, the rules of intestate succession will apply as stipulated in the Intestate Succession Act 81 of 1987.

Any person above the age of 16 is entitled to make a will which determines how his or her estate should be distributed upon death.

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Legal Implications of Selling after you Transfer Property to a Minor Child

If you are looking to transfer property to a minor child, it’s important to be informed about the challenges you might face should you want to sell the property after it has been transferred.

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Deceased Estate Taxation on Donations and Inheritance

There are many details that need attention when it comes to deceased estate taxation laws in South Africa.

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Deceased Estate Taxation on Income and Assets in South Africa

Just as we are liable to pay taxes on income, purchases and other transaction made throughout our lives, there are taxes for deceased estates too.

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