Estates

by Honey-Admin

Is the Living Annuity part of the Estate for purposes of calculating an accrual?

4 September 2020 | SR Mokhele A Living Annuity is a financial product that pays you a regular income. You can choose between two types of annuities: a Guaranteed Annuity or a Living Annuity. As member of a pension, pension preservation or Retirement Annuity fund, you must use at least two-thirds of your fund proceeds AT RETIREMENT to purchase an annuity. The annuity contracts state...

by Honey-Admin

The pitfalls of not having a will or having a will that has not been drafted by an attorney

17 September 2020 | Marili Orffer To date we have received many estates where the deceased did not have a will or had a will, but the will was either invalid or impossible to administer due to the lack of legal expertise in the will drafting process. Some of the dangers of not having a will: The intestate law of succession One of the most common reasons for having a will is to...