inheritance Archives - B2B Central

01 Oct 2021

Why trusts remain relevant for estate planning

By Staff Writer

When you divest your assets to a trust, you are changing ownership of the assets to the trust beneficiaries. The trustees must manage the assets in accordance with the trust deed, which forms the basis for governing the management of the trust’s assets. The trust founder (or settlor) may not treat the assets as their own.

27 Sep 2021

What to consider when selecting a retirement solution

By Staff Writer

There are several income solutions available to choose from when you reach retirement, each meeting different requirements. Amongst these solutions, the two traditional ones that are currently used to provide retirees with an income from their retirement savings are a guaranteed life annuity and a living annuity.

14 Sep 2021

Without a will: What happens to your home when you die?

By Staff Writer

National Wills Week takes place between 13 - 17 September – a time dedicated to increasing awareness of the importance of having a valid will. According to the Transaction Support Centre (TSC), which assists lower-income clients with property-related issues, too many South Africans have not drafted formal, legal wills, unaware that this could leave their dependents and families in dire straits should they die.

18 Jun 2021

Women – leave a legacy your loved ones deserve

By Staff Writer

As a result of the pandemic, women are more financially exposed than ever. The latest Momentum | UNISA Household Financial Wellness Insights says that women, who make up 51.1% of the South African population, were hardest hit by the lockdown. Just over a million either lost their jobs or were prevented from working.

10 Jun 2021

Protect your legacy: family trusts under the spotlight

By Staff Writer

Wealthy parents are often concerned about the preservation of their hard-earned family fortunes for their children, and rightly so: research has shown that around 70% of young heirs end up failing as custodians of the family wealth, sometimes squandering it within a few years after inheritance.

07 Jun 2021

President approves amended Customary Marriages Bill

By Staff Writer

President Cyril Ramaphosa has approved the amended Customary Marriages Bill - a significant step towards equality for women in South Africa. Moremadi Mabule, Head of Wills at Sanlam Trust explains that women who are married under the Customary Marriages Act will now be entitled to a share of the joint estate on either the death of their spouse or when they divorce.

04 Aug 2020

Advice for insurance entrepreneurs

By Staff Writer

“Being battle hardened is what makes you hungry for success. Growing up in a house where your parents can’t cover the school fees and the family car has broken down for the umpteenth time, makes you focus on what you really want to change in your life.” says Alex Simeonides, CEO of Capital Legacy, a...

01 Jul 2020

Fiduciary update with Louis van Vuren, CEO of FISA

By Staff Writer

Q: The Fiduciary Institute of Southern Africa (FISA) is well known by now to professionals in various fields, including fiduciary practitioners, financial planners, accountants and lawyers., Are there any ‘new stand-out’ benefits of FISA membership? A: At FISA we believe that one of our best kept secrets is an extensive archive of summarised...

04 Mar 2020

Carefully consider your choice of executor

By Janice Roberts

Following the death of a loved one, those left behind are often distressed to learn that the administration of the deceased estate will take quite some time to finalise.

06 Feb 2020

Safeguarding your family's future with a will

By Janice Roberts

Most people don’t think about drafting a last will and testament until they’ve had the unfortunate experience of losing someone close to them. Often family and friends divide up their loved one’s belongings, which can cause friction in an already emotionally charged situation.

22 Oct 2019

Beware the 'paint by numbers' will

By Janice Roberts

Respected author and Advocate David Meyerowitz remarked that “It has been said that the other bank of the River Styx is lined with the shades of dissatisfied testators waiting to receive the judicial personages who have misconstrued their wills”. When you had your Will drafted, or last had it updated, did you check to make...

20 Sep 2019

Wills - keep them simple, and sweet

By Janice Roberts

National Wills Week took place from 16 – 20 September – a time to take stock of your Will and to ensure it is up to date and accurate. However, South Africans should not only think about their Will for this one week of the year. It is essential to ensure your Will is up...