WILLS WEEK - THERE’S NO TIME LIKE THE PRESENT

Perhaps one of the most common misconceptions when it comes to drafting a Will is that by doing so, one is essentially proclaiming their untimely demise into the universe. In fact, the opposite couldn’t ring truer – having a Will means…

DECEASED ESTATE TRANSFER PROCESS

In a lot of cases concerning a deceased’s estate, attorneys find that the heirs, surviving spouse or family of the deceased seek to transfer the deceased’s property, however the deceased’s estate has not yet been reported to the Master…

Advantages and Disadvantages of buying property through a Trust

A Trust is a legal entity created by a trust founder which can be used to purchase and own property. Once a trust is created, all assets are placed into the trust by either the trust founder donating the assets to the trust or the trust…

Don’t let a careless estate plan undo a lifetime of saving

Many South Africans are taking the opportunity to review their savings habits and behaviours. One aspect that’s often overlooked is that your hard-earned savings gains can easily be undone by failing to pay sufficient attention to estate…
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WILLS – PART 1 - THE IMPORTANCE OF A WILL

A will is possibly the most important document you will ever sign. It must express your wishes clearly and without ambiguity, and must comply with the formalities set out in the Wills Act. A badly drafted will or a will which does not comply…
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WILLS – PART 2 - WHO CAN MAKE A WILL AND WHAT CAN BE DONE IN A WILL

I hope that you read last week’s article on the importance of having a will. If you missed it, you can find it on our website www.randles.co.za under the Randles News tab and click on the Social Media link, or find it on facebook. Can…
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WILLS – PART 3 - THE EFFECT OF MARITAL STATUS ON YOUR ESTATE

Before you begin drawing your will it is important to understand the effect your marital status will have on the administration of your estate. Your marital status, and if you are married the proprietary consequences of your particular marital…
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WILLS – PART 5

I am sure that after reading last week’s article you decided on who your beneficiaries would be and began drafting your will, but then got stuck. There are many different ways to benefit your beneficiaries. You may want to leave them a…
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WILLS - PART 6 - PROTECTION OF BENEFICIARIES AND ASSETS

Last week I consulted with a client whose predicament is a good illustration of the importance of protecting your beneficiaries and assets in your will.  I have set out the facts below and have changed the parties’ names for obvious reasons. At…
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WILLS – PART 7

This is the last article in this series on wills.  I promised to discuss minor heirs and the importance of alternative provisions. I would like to set out the requirements for a valid will and mention additional clauses which you might want…