Forming a Trust in South Africa: Which Type Suits You?
What is a trust? The answer may seem obvious, but in practice, many people get confused as to exactly what a trust is and what such a structure is meant for. In this article, we examine the various types of trust recognised under the South African common law, as well as where the Income Tax […]
Why Your Will Is Not Your Estate Plan
Many South Africans believe that once they have a signed, witnessed will in place, their estate planning is done. But it is not. A will is a legal document that directs how your assets in your personal estate will be distributed after your death. But a significant portion of most people’s wealth sits outside that […]
Four Tips for Navigating the ‘Two-Pot’ Pension Rules
South Africa changed its pension laws with effect from 1 September 2024. The new system is designed to give individuals the opportunity to access only a portion of their retirement funds before they retire, in the case of dire need, or even in case of desire. To an extent, this makes sense, given the low […]
Gee om vir jou geliefdes deur om te gee vir hul toekoms
Ons het dit almal al in films en romans gesien: ’n jong, niksvermoedende persoon word eendag wakker om uit te vind dat hulle ’n buitengewone groot boedel geërf het van ’n verlangse familielid wat hulle skaars geweet het bestaan. Ons skryf dit toe aan ’n absurditeit. So iets sou nooit in die regte lewe kon gebeur nie, sou dit? Alhoewel dit vergesog lyk, vind intestate opvolging baie meer gereeld plaas as wat ‘n mens sou dink. Statistieke van die Meester […]