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Renting vs. Buying

Are you currently paying more to rent a house than your bond would be in your purchased a house or flat? Maybe it is time to consider buying a house, or atleast working towards it.

Interest rates are currently at a record low which has lead to a number of people being able to step onto the property ladder.

If you are looking to buy a house, make sure you work with a reputable conveyancer and have been researching the market for three to six months. It is also important to make sure you are saving for those unexpected costs such as transfer duties (depending on the price of your home).

Here are some of the pros and cons of renting a house versus buying house:

PROS OF RENTING

  1. Maintenance and unexpected expenses are not a cost you need to worry about, it is up to your landlord to fix any issues that arise.
  2. Freedom to move or relocate whenever your lease expires
  3. Deposits are more affordable

CONS OF RENTING

  1. Rent is an expense, and you are not earning any returns but rather helping someone to pay off their bond or earn extra income.
  2. Your rent can be increased at any time
  3. You can’t make any changes to the property without approval and a large significant cost to restore changes should you move out.

PROS OF BUYING

  1. You own an asset which could earn you a return down the line
  2. You could earn potential rental income down the line
  3. You can renovate and decorate to your hearts desire.
  4. Gives you a send of stability

CONS OF BUYING

  1. Costs for any home maintenance (which are usually a surprise) can really impact your savings
  2. You need to make a longer commitment, its harder to just move.
  3. If you are in a sectional title, you could get a special levy applied or have an increase in your levy amount applied.

With all of those points to consider, buying a house is not something that should be done on a whim.

When you decided to start looking for a house to buy, make sure that you get pre-approval so you know what price range you can look at when searching. It is also important to start saving for a deposit.

If you are thinking of buying or selling a house, chat to the team at Executor law about our conveyancing services.

When My Parents Pass Away

We do not realise – mom and dad are going to die. So are we. Our felt sense of reality does not include our own death. We doubt the one thing that is not open to any doubt at all. However, once we make ourselves aware of this inevitable truth, we can take steps to control the way in which it is dealt with. Instead of being caught off-guard, flooded with shock and grief and a mountain of sudden questions, we can consciously face the fear that we unconsciously dismiss all the time. We can begin to understand what it means to be mortal and do everything we can to overcome any unnecessary burdens associated with this fact.

Epictetus once said, ‘I cannot escape death, but at least I can escape the fear of it.’ This entails having conversations with your parents about death before it arrives, and following an organised procedure.

Here is what you can do:

Phone 079 394 2574 and ask for Janine. Book an appointment. Then visit ExecutorLaw.co.za and orientate yourself a little online. Finally, ask and answer these questions with respect to your loved one who passed away, or may still pass on:

To remain afraid of death is to remain afraid of reality. We need to act bravely, sometimes on our parent’s own behalf. Focusing our time and energy on controllable conditions which attach to death is unbelievably productive. Not only for our mental and emotional health, but for our financial wellbeing too. Preparing for the death of mom and dad is not pessimistic, it is an actual thing, the urgency of which we need to get into our heads fast. We can use this knowledge to provide them with the dignity their regards deserve, and what they would have wanted. This enables the rest of the family to experience a smooth administration of the deceased estate.

With respect to the law, we need to remember that succession will take centre-stage the moment our parent/s die. Death it multifaceted – it is not just emotionally traumatic. A badly administered estate will exacerbate your grief and anxiety. Unless we consult these technical and difficult questions, and hire someone with experience to administer the deceased estate, pain and suffering will endure. Do not let a large institution put you on a call centre for years on end, robotically neglecting your emotions. Make sure you are in control of your parent’s legacy.

How The Administration Of A Deceased Estate Works.

You might be dealing with the trauma of a family member’s death. On top of everything else you have to suddenly do, you also find out you have been appointed the executor of the deceased estate.

Many people do not understand how the administration of a deceased estate works. When somebody dies, a deceased estate comes into existence. There is a whole lot of admin that need to be dealt with, including reporting the death, getting the death certificate, dealing with Home Affairs, dealing with the Master of the High Court and then dealing with the Will and the assets of the deceased.

The executor of the deceased estate will usually be nominated in the deceased’s will. If no particular person or legal office has been nominated, then the closest family members can choose someone after death. And if the family do not appoint an executor then it is left to the Master of the High court to decide.

This is what you do not want. You do not want the courts and you do not want the banks to deal with the administration of a deceased estate.The process can be exceptionally slow and you will get bogged down and overwhelmed with unnecessary paperwork and phone calls, a lot of time and ultimately, a deceased estate that is not tied up professionally or fairly.

Having the right executor for a deceased estate is crucial. It is really important for you, or your loved ones, to appoint the right executor PRIOR to death or immediately in the event of death. Get your wills sorted out now and appoint professional people to handle it for you. This does not mean the bank, not the courts, but people who specialize in this kind of work. You need a professional who can handle all the legalities and can take care of everything for you under one roof, making the process simple, seamless and smooth.

  1. Executor Law are attorneys in Johannesburg who do exactly this. Have a look at their website, read the reviews and get testimonials from current clients. Janine and her team have your best interests at heart. It’s a good time to get your admin in order.

Deceased Estates – Intestate Estate

What happens if someone dies without a will?

This means that your loved one died intestate and there are legal rules that have to be followed. But before anything can be done an executor needs to be appointed. Executor Law/J Bredenkamp Inc are the specialists in administering deceased estates professionally with integrity and compassion.

Executor Law / J Bredenkamp Inc are available to administer estates. No financial organisation will give better service at a lower cost. You will never hear –” you are caller number 9…” from an impersonal call centre while you wait to be assisted.

We will obtain the letters of executorship for you quickly and efficiently. We go to the Masters office daily. We will assist you by doing all the work. We are attorneys, conveyancers and notaries, so we can do everything for you such as placing the adverts, liaising with the banks, insurance companies, SARS and many more. We will obtain all the consents from the Master’s office and will transfer any properties. We will attend to every step in the administration of a deceased estate for you.

In short, we assist you with all your needs from advice on funeral services, assistance with loss and grief, death and finances,inheritance tax,estate duty tax and much more.

Don’t delay, call or e-mail us now and ask for Janine Bredenkamp, info@jbattorneys.co.za or call 079 394 2574.

Deceased Estates

No one teaches you how to deal with a Deceased Estate when you loved ones pass away. You are already in shock after receiving a dreaded call are being there while you watched your loved one pass on. Deceased Estate attorneys like Executor Law are here to hold your hand through the process. There is a huge amount of emotional distress that comes with a deceased estate and our team at Executor law will hold your hand through the whole process.

From the minute you are told you are the executor of the deceased estate and that you have nominated as an executor in a will we will guide you with the whole process.

Janine Bredenkamp and the Executor Law team make sure that you never feel alone, overwhelmed, and stressed by deceased estate administration, with our compassionate approach to everything we do you can count on us to administer the estate for you

ExecutorLaw/J Bredenkamp Inc will complete all the forms necessary to obtain the Letters of Executorship from the master’s office for you. Our team visit the master’s office daily to make the process move as quickly as possible. ExecutorLaw/J Bredenkamp Inc will also place the required adverts, liaise with all institutions that form part for a deceased estate such as banks, insurance companies and SARS.

We are conveyancers and notaries, so we can do every step in the administration of a deceased estate.

Don’t delay, call or e-mail us now and ask for Janine Bredenkamp, info@jbattorneys.co.za or call 079 394 2574.

Attorneys In Johannesburg

Life is insanely busy and we all struggle to find time to get to the shops let alone get to our attorneys. And while we all prefer for people to come to our offices, Executor Law in Johannesburg will come and consult with you in your home, if need be.

So, what do we at Executor Law?

They handle deceased estates, wills, marriage contacts and conveyancing. Executor Law in Johannesburg has over twenty years’ experience, they are trustworthy and have an excellent reputation. They don’t only do work in Johannesburg, Janine Bredenkamp and her team have handled deceased estates, wills, marriage contracts and conveyancing all over South Africa.

Dealing with the death of a loved one is a trauma and winding up the estate should be done with a professional. Janine Bredenkamp and her team of attorneys in Johannesburg will help you do it professionally, empathetically and quickly. If you can’t get to them, they will come to you. It’s okay if it’s in a hospital, in hospice or at your home. All the staff are well trained and empathetic. They will offer you the best advice and ensure that everything is done fairly and equally.

  • Getting married? Sit with Executor Law and sort out your contract.
  • Buying a house? Sit with Executor Law and work out the nitty gritty.
  • Doing a will? Sit with Executor Law and they will give you the best advice.

Janine Bredenkamp and her team are professional, efficient, speedy and most of all – they’re good at what they do.

Give them a call and let them help you, your partner and your family get your affairs in order. And if you’re still unsure, look at their website and read the reviews online.

Executor Law.
30 Dundalk Avenue, Parkview
Johannesburg
2122

Tel: 011 023 8701 / 011 023 8702
Tel: 010 900 4970 / 079 394 2574
Email: info@jbattorneys.co.za

https://executorlaw.co.za