What is a usufruct?

A usufruct is a limited real right entitling the holder thereof to have the full benefit and enjoyment of the property, in respect of which the usufruct is held, until the usufruct holder passes away or the right lapses after a specified time, where applicable. The usufruct holder is prohibited from selling the property without the consent […]

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What documents and information do I need to report a deceased estate?

The following information or documents should be taken along when you see your attorney to report a deceased estate: 1.     Original will 2.     Copy of identity document of deceased 3.     Copy of the identity document of the executor 4.     Proof of address of the executor not older than 3 months 5.     Death certificate of deceased […]

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What are the duties of the trustees?

In the case of Tijmstra NO v Blunt-Mackenzie NO and Others the Transvaal Provincial Division of the High Court had to consider an application for the removal of trustees from office in terms of section 20(1) of Act 57 of 1988. The Court held that a trustee must observe greater care in dealing with trust […]

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Wat behoort ek as vrou te weet van my regte as langslewende gade?

In terme van die Gemenereg kan ‘n ouer nie sy minderjarige kinders se eise vir onderhoud ontneem nie. Die minderjarige kind het altyd ‘n eis vir onderhoud teen die boedel totdat hy selfonderhoudend is. Gades word weer beskerm deur die Wet Op Onderhoud Van Langslewende Gades, 27 van 1990 waarvolgens die langslewende ‘n eis teen […]

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Should I register a family trust?

Despite various attempts by the Government to intervene, a trust is in appropriate cases still a very effective tool. Various considerations should, however, be kept in mind when a decision is taken as to whether a trust should be registered or not: Advantages Risk management – transferring assets that could otherwise be attached by creditors […]

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Should I discuss my will with my heirs?

Many people see a will as a private matter that they do not wish to discuss with their family and heirs. Another approach is to indeed play open cards and prepare the heirs and family for how the estate will be divided. Unfortunately disputes between heirs do often arise after the deceased’s death.  The fact […]

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Should I bequeath specific assets to specific heirs?

The advantage of specific bequests to specific heirs is that it can help to prevent potential disputes between heirs over who should get what.  If the children are, for example, appointed as heirs in equal shares everything will have to be sold (which is not a good idea, because of the low prices normally obtained […]

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Should I appoint an additional executor in my will for foreign assets?

There is no legal requirement to that effect. A testator/testatrix can have one will with one executor for all his/her assets locally and abroad. Several considerations though make it more practical to have a will or wills, in which executors are appointed for each of the countries where assets are being held, which executors should […]

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