October 9, 2020

Impact of section 7C on estate planning

As a tool to reduce or avoid estate duty and/or donations tax, financial planners made use of trusts. This technique allowed the estate owner to transfer assets to a trust […]
October 9, 2020

The distribution of death benefits in a retirement fund under Section 37C of the Pension Funds Act

When a member of a retirement fund dies before reaching retirement age (and if the rules of the particular fund permit), the lump sum benefit which becomes payable (hereinafter referred […]
September 6, 2019

It is extremely important to properly execute a Will

I gave instructions to my attorney to prepare a last Will and Testament for me as my Will no longer reflected my wishes. At my request, my attorney emailed the […]
September 6, 2019

For all your Wills and Estates needs, meet Ariza and Carike

NVS Inc was lucky enough to add Ariza Vermeulen to our compliment of staff in September 2017. As the Head of the Estates Department, she specialises in fiduciary services (trusts, […]
May 30, 2019

ESTATE PLANNING AND THE IMPORTANCE OF THE SUBDIVISION OF AGRICULTURAL LAND ACT

Scenario Mr Reyneke owns a farm in South Africa and in terms of his last will and testament he bequeathed the said farm to his two sons in equal shares. […]
April 9, 2019

TRUSTEES’ DUTIES AND POWERS

All the powers of a trustee are ‘fiduciary’, which means that they must be exercised as follows: • in the best interests of all the beneficiaries; • only for the […]
February 7, 2019

WHY IS IT IMPORTANT TO DEAL WITH COLLATION IN YOUR WILL?

The South Africa common law presumption of collation (collatio bonorum) is alive and well. This presumption is rooted in the belief that a testator or testatrix intended that there should […]
November 1, 2018

How do I register a trust?

A trust is a legally recognized means through which rights attached to property ownership can be separated and transferred; a concept whereby the control and benefit to or enjoyment of […]
October 4, 2018

MANAGING DISPUTES OVER A DECEASED RELATIVE’S ESTATE

If someone leaves a sizeable estate behind, it may cause conflict among the possible heirs. The help of an attorney, when settling an estate after a death, can avoid unnecessary […]
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