When a person dies, their beneficiaries may inherit moveable and/or immoveable assets in terms of a valid will (testate succession) or interstate succession (in terms of the Intestate Succession Act No 81 of 1987). However, not all the heirs concerned may be thrilled with what they have inherited, and they therefore have the option to […]
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The requirements and responsibilities in respect of the safe keeping, storage and/or disposal of firearms, imposed on an executor or heir, by the Firearms Control Act and its Regulations
In this day and age, it is quite common for firearms to form part of a deceased person’s estate. It is also quite common for individuals to inherit firearms and/or antique firearms, in terms of a deceased’s Last Will and Testament and/or Interstate Succession. The person nominated to be the executor in a deceased estate […]
Traditionally, women have been denied rights to property under the South African Customary Law of Succession as women were under the guardianship of the male in the family and did not have the legal capacity to either own or acquire property. The customary rule was that succession is governed by the principle of male primogeniture, […]
Despite the skepticism with which they are viewed by SARS and the ever-tightening regulatory environment, trusts remain invaluable tools in estate planning. Especially if they are setup to serve a well-planned and predefined purpose. Another misconception, is that once you have setup a trust no amendment is ever needed in future, or that the […]
Movable assets in South Africa of a deceased who was ordinarily resident in another state – Section 20 of the Administration of Estates Act 66 of 1965 and the relevance thereof to legal practitioners
With the percentage of South African citizens immigrating to other countries increasing yearly, it is necessary to be aware of the fact that many of these individuals will most likely spend the rest of their lives in that country. This means that they will most likely concluded their last will and testament there. Most of […]
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