Tag Archiveswills
cryptocurrency

What happens to your Cryptocurrency when you pass away?

What seemed to be a completely foreign concept just a few years ago, is now a reality for most investors. Cryptocurrency is a virtual form of money that is protected by indestructible Cryptography which makes it a secure way to store wealth and investments. Cryptocurrencies are unique in the sense that their blockchain technology is […]

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Prescribed Debt

Customary Law of Succession – Women’s rights to inherit property

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, […]

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tax

Wills, Trusts and Estates: The Importance of reviewing a trust

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 […]

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deceased's estate

Why the process of winding up a deceased’s estate is lengthy

The process of claiming from a deceased’s estate can be a daunting exercise for surviving family members, especially if the deceased was the sole bread-winner. Family members are often under the impression that, once there is a death in the family, the estate of the deceased will be released within a short period of time to […]

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The Validity of Electronic Wills in South Africa

In South Africa the Master’s Office (the statutory body dealing with the deceased’s estate) will not accept a Will as valid if it does not comply with the formal requirements as set out in the Wills Act 7 of 1953 (hereafter referred to as “the Act”). The legal formalities for a Will to be valid […]

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