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06
Sep

Marriage Contracts

September 6, 2024
Marriage Contracts If you’re getting married, you know how much time and effort goes into planning every detail—the wedding dress, flower arrangements, table settings, and even the first dance. You want everything to go perfectly, from the bride and groom looking stunning to ensuring the guests are happy. And if a dog is carrying the...
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28
Aug

Estate Administration South Africa

August 28, 2024
Estate Administration South Africa Admin is not something that any of us enjoy doing and it’s even worse during a time of crisis. The one thing we should all do is have our affairs in order, at all times. And if you are reading this and thinking ‘my affairs are a mess’, then you need...
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21
Aug

What is Estate Duty?

August 21, 2024
What is Estate Duty? It is a tax levied on the net value of the estate and is paid to the State. How is Estate Duty calculated: Estate Duty is NOT paid if the estate is valued at less than R3.5 million. Most estates in South Africa have a net value of less than R3.5...
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07
Aug

Beware of the “Free Will” Scam

August 7, 2024
Beware of the “Free Will” Scam Have you ever been offered a “free” will? Typically, by a finance house or institution? This is what is going on: You execute the “free will” but what you don’t realize and what is not disclosed is that you have just appointed the finance house as the executor! The...
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30
Jul

Understanding Executor Fees

July 30, 2024
Understanding Executor Fees How are they calculated? Executors fees are payable on the gross value of an estate. The maximum rate is regulated by law at 3.5% of the gross value of the estate. The rate can be negotiated depending on the size and complexity of the estate. Large institutions do not negotiate the rate....
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10
Jul

What is an Executor?

July 10, 2024,
What is an Executor? What is an Exectuor? An executor of an estate is an individual appointed to administer the last will and testament of a person who has passed away.What does an executor do?The executor’s main duty is to carry out the instructions in the will and to manage the affairs and wishes of...
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03
Jul

Having a Valid Will

July 3, 2024,
Having a Valid Will The South African law is very strict when it comes to the legal requirements and validity of wills. It is for this reason that you should have your will drafted by an attorney specializing in wills and estates. You do not want to go to the trouble of signing a will...
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