Estates

by Honey-Admin

The importance of Estate Planning

People generally have a misconception about estate planning in that they think they require a large estate in order to have to plan their estate. This is not true. Estate planning is an effective process which can increase your wealth, safeguard your assets and honour your wishes once you have passed on.

by Honey-Admin

Appointment of a curator

The appointment a curator (from Latin: cura, meaning “to take care”) has become a more regular occurrence in our Courts, especially taking into account, the proliferation in the number of motor vehicle collisions, resulting in the personal injuries and the subsequent mental incapacity of such persons. Therefore, the need for a person appointed by court, to care for the interdicted person or...

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...