A recent newspaper article by Basil Leonard, from the Centre for Leadership Studies at Stellenbosch University Business School, once again put the need for carefully considered succession strategies under the spotlight. In his article, Leonard cited resignations and death as two events that trigger the implementation of succession plans in a business. On a [...]
Tag Archiveswills
Time for estate duty to go?
The days of estate duty may be numbered according to an article by Barry Ger, Cape Town-based tax consultant, in the May issue of De Rebus, the SA attorneys’ journal published by the Law Society of South Africa (LSSA). His opinion is echoed by several other media reports. In fact, many people’s hopes that [...]
Cohabitation: the implications where couples fail to plan
McDonald v Young (292 / 10) [2011] ZASCA 31 (24 March 2011) (McDonald case) and Butters v Mncora (181/2011) [2012] ZASCA 29 (28 March 2012) (Butters case) are two recent supreme court of appeal cases that clarified the position of unmarried couples living together — or cohabiting — without having a written cohabitation agreement in [...]
Excluding inheritance from the consequences of a marriage in community of property
Up until now, many people who are married in community of property have believed that if a property is left to them in a will (only one of the two spouses), it is untouchable and cannot be attached to settle outstanding debts. Allen West, chief deeds trainer in Pretoria investigated this phenomenon and had the [...]
Report – National Wills Week 2010
This September, Schoeman Attorneys took part in the National Wills Week, an annual (pro bono) initiative that provides members of the general public with the opportunity to have a basic will drafted by an attorney – free of charge. We have proudly taken part in this initiative for the third consecutive year this 2010, in [...]
