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HOW TRUSTS ARE USED TO REDUCE ESTATE DUTY
Most inter vivos trusts are established when the founder of the trust places an asset in the trust by “selling” the asset to the trust and granting the trust an interest-free loan. Inter vivos trusts are established by a living founder, while testamentary trusts come into being after death by way of a will. The
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WHERE THERE’S A WILL THERE’S A WAY FORWARD FOR THOSE YOU LOVE
A will is not the privilege of the wealthy; it is the right of all South Africans who want to plan their legacy while they are still alive. Anyone who has assets and who wants to reduce the emotional and administrative burden on their loved ones when they die, should have a will. The reasons
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WHERE THERE’S A WILL
Make a way to tie up your estate neatly and effectively… In the UK, some seven in 10 people die intestate. In the United States, studies show that 55% of adult Americans don’t have a will. In South Africa that number is as high as almost 70%. In terms of the law, if you die
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ADMINISTRATION OF ESTATES
One of the most important documents you will ever sign is your will. A will spells out who will inherit your money and who will get what property – if any – after you die. Even if you are young, you need to have a will, because no one knowns what might happen tomorrow.
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Administration of Estates
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