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To renounce or not to renounce a benefit in terms of a will?

02 April 2024,  Puleng Valentine Tladi

In terms of your will, your surviving spouse and descendants, are entitled to inherit and one of your children decides... to renounce his or her share, the surviving spouse shall inherit that portion of that inheritance, which was declined by the descendant.

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61
Article

Who inherits under a Deceased Estate when there is no Will?

02 April 2024,  Sinethemba Mashego

It is society's norm to transfer generational wealth and to engage in the re-allotment of wealth. However, some people are ... uninformed about the rules that govern the re-allotment of wealth when they have not drafted a will. 

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145
Article

Understanding the Distinction between Living Wills and Last Wills and Testaments

02 April 2024,  André Styger

While both documents are essential components of comprehensive estate planning, they serve distinct purposes and address different aspects of an... individual's life and well-being. This article explores the definitions, functions, and legal implications of living wills and last wills, shedding light on the significance of each in ensuring the wishes and intentions of individuals are respected in both life and death.

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48
Article

When can a Will be challenged?

02 April 2024,  Melody Sithole

A Will can be described as a document that expresses the last wishes of an individual about how their property... must be distributed when they die. The document must be written, signed and formal.  The last wishes can be challenged in the following situations:

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45
Article

To renounce or not to renounce a benefit in terms of a will?

02 April 2024,  Puleng Valentine Tladi

In terms of your will, your surviving spouse and descendants, are entitled to inherit and one of your children decides... to renounce his or her share, the surviving spouse shall inherit that portion of that inheritance, which was declined by the descendant.

READ MORE
61
Article

Who inherits under a Deceased Estate when there is no Will?

02 April 2024,  Sinethemba Mashego

It is society's norm to transfer generational wealth and to engage in the re-allotment of wealth. However, some people are ... uninformed about the rules that govern the re-allotment of wealth when they have not drafted a will. 

READ MORE
145
Article

Understanding the Distinction between Living Wills and Last Wills and Testaments

02 April 2024,  André Styger

While both documents are essential components of comprehensive estate planning, they serve distinct purposes and address different aspects of an... individual's life and well-being. This article explores the definitions, functions, and legal implications of living wills and last wills, shedding light on the significance of each in ensuring the wishes and intentions of individuals are respected in both life and death.

READ MORE
48
Article

When can a Will be challenged?

02 April 2024,  Melody Sithole

A Will can be described as a document that expresses the last wishes of an individual about how their property... must be distributed when they die. The document must be written, signed and formal.  The last wishes can be challenged in the following situations:

READ MORE
45
Article
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Filter: Estate Agent
Estate agents and their obligations under the new Anti-money Laundering Amendment Act

29 May 2023

Closely related to the recent greylisting of South Africa is the passing late in 2022 of the new General Laws... Anti-Money Laundering and Combating Terrorism Financing Amendment Act, 22 of 2022 (“Amendment Act”). The Amendment Act introduces several key changes to areas of law affecting trusts, companies and non-profit organisations in an attempt to tighter regulate these entities seen as prevalent to abuse for illicit criminal activities. Importantly for estate agents, changes have also been introduced to the Financial Intelligence Centre Act 38 of 2001 which affects all estate agents as Accountable Institutions. In this article we take a quick look at some of the main Amendment Act changes estate agents must take note of. 

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151
Article
Exploring the new Property Practitioners Act

21 March 2022

Most estate agents by now know that the new Property Practitioners Act has come into effect. Yet surprisingly, there is... still a lot of confusion about how the Act will affect Estate Agencies and their agents. To help, we have unpacked some of the key points to be considered by any estate agency and property practitioner.

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445
Article
The basics of starting a sectional title development

14 June 2021

I’ve inherited a piece of property that a few people have told me is ideal for a small sectional title... development. I know it will be costly and take time, but was wondering if you could briefly explain to me what will need to happen for me to make this a reality?

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688
Article
The Property Practitioners Act and BEE – new territory for many estate agencies

11 November 2019

I’m the principal of a small real estate agency that I started with my wife. Our turnover is about R4... million a year and I have 10 people, mostly agents, working for us. We are all aware of the new Property Practitioners Act. However, I understand that there are also BEE implications for small property agencies like mine? I’m very concerned about this and wonder if you could explain how it will affect my agency.

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900
Article
Why a Fidelity Fund Certificate is important for you and your estate agent

11 March 2019

I’ve finally received my qualification to practise as an estate agent, but am still waiting for my Fidelity Fund Certificate.... Some people say I can start practising as an estate agent as long as I’ve applied for my Fidelity Fund Certificate. Is this correct, and can I already practise as an estate agent?

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526
Article

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