Does someone you trust make a good trustee?
Is trusting someone enough? When appointing a trustee for your family trust, you might look to your spouse or a friend who you know “has your back”. But you could be unintentionally doing them a disservice. Here’s why: your trustee has to do a lot more than make good decisions for your trust. They are expected […]
Estate Liquidity
Do you have enough cash to wind up your estate? A liquid estate may sound like a wine collection, but it actually refers to having enough cash (or assets that can be quickly converted to cash) to cover the costs of winding up your estate. Without enough liquidity, the executor of your estate has to […]
SARS Filing Season
SARS filing season starts on 1 July 2022 – and it’s a little shorter than last year. Here are the dates to remember: Manual and branch office returns close on 24 October Non-provisional eFiling closes on 24 October. Provisional eFiling closes 23 January Last year SARS “auto-assessed” around 3 million individual taxpayers, based on input […]
Are you protected in your common law marriage?
Check the law. A true story… A recent case in the Constitutional Court has gained plenty of attention, as a domestic worker fought to inherit from her fiancé. Jane and Anthony met in Cape Town, fell in love, and she moved into his lavish Camps Bay property. They planned a wedding, somewhat complicated by lobolo […]
Is your tax properly in order?
Are you sure your tax affairs are in order? The Minister of Finance, Mr Enoch Godongwana, will be delivering his inaugural Budget Speech on 23 February 2021, when he’ll tell the nation about government’s plans to spend money, address the large budget deficit and increase tax revenue, amongst other things.Speaking of tax, SARS gazetted a new rule […]
Is she protected?
Are you the parent or guardian of someone who will never develop the power to act independently? Let us help you protect this precious person. We can set up a special trust that you can actively participate in directing and managing, so that you know it is set up correctly and that your wishes will […]
Be there always
“A poorly drafted will has the potential to undo everything you are trying to achieve,” – FISA CEO Louis van Vuren. 10 reasons why you should have a last will and testament: It ensures your wishes are carried out It allows you to decide where your assets and belongings go – this can also include […]
The Tale of the Trustees
Once, a trust was created to hold several farms in the Magoebaskloof area on behalf of the community. A property company was set up to lease the … farms from the trust and then sub-lease them, while all the profits of the company were to be paid to the trust as dividends. But it so […]
Take time out to make memories this holiday…
Having a professionally drafted will in place allows you to manage how your family is cared for and how you are remembered. It can ensure that your… loved ones have only good memories of you as it prevents the needless heartache created by the uncertainty of having your matters put into the hands of the […]
Wills Week | Protect your Legacy…
Having a professionally drafted will in place allows you to manage how your family is cared for and how you are remembered. It can ensure that your… loved ones have only good memories of you as it prevents the needless heartache created by the uncertainty of having your matters put into the hands of the […]