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life insurance
Before an executor can be appointed, before a bank account can be frozen, and before any part of the deceased estate process can legally begin, one administrative step has to happen first: the death itself must be formally registered with the Department of Home Affairs. It sounds straightforward, but for families navigating this process for...
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Most South Africans believe their will controls what happens to everything they own when they die. For life insurance policies and retirement fund savings, this is often not true at all. These assets are frequently governed by a separate, far less visible document: the beneficiary nomination form completed when the policy or fund membership began,...
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Estate duty is a tax that SARS levies on the value of your estate when you die. At 20% on dutiable amounts above R3.5 million — and 25% on amounts above R30 million — it represents a significant potential cost that, with proper planning, can be substantially reduced. The key word is planning. Estate duty...
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For many South Africans, a retirement annuity, pension fund, or provident fund represents one of the most significant assets they have built over a lifetime of work. So it makes sense to ask: what actually happens to that money when you die? The answer surprises most people — and it has significant consequences for how...
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