by VDT Attorneys | Jan 16, 2018 | Deceased Estate, Estate Planning, Testament, Testation, Will
One of the most read and discussed news stories of 2018 was that Amor Vittone, widow of Springbok star Joost van der Westhuizen, inherited only a television set. (Read the article here). “Why does she have to be so greedy? Surely she can afford her own,” a reader...
by VDT Attorneys | Nov 16, 2017 | Commercial, Company, Estate Planning, Trust
The wish to simplify fiduciary duties, although an understandable one, should not be entertained at the expense of proper administration of a trust. As a trustee, it is the duty of the trustee to execute his or her fiduciary duties correctly and ensure that all...
by VDT Attorneys | Jun 19, 2017 | Estate Planning, Will
However, the role of an estate executor and who can be appointed as one has been largely misunderstood. What does the executor do? “Executor” is the legal term for referring to the person, or people, nominated in your will to carry out the directives you set out in...
by VDT Attorneys | May 8, 2017 | Estate Planning, Will
At the age of 18 a young man or woman officially becomes an adult in the eyes of the world. This means that you are entitled to make important financial, legal or health decisions about your lives. But what if something happens and you are unable to make these...
by VDT Attorneys | Mar 30, 2017 | Estate Planning, Family, Will
The Administration of Estates Act, 1965, determines what must happen with an estate after a person’s death. There are certain steps that should be taken to ensure the process is legal. However, if the estate is worth a lot of money or the deceased has children, then...
by VDT Attorneys | Mar 8, 2017 | Commercial, Company, Estate Planning, Tax, Trust
You are correct. A new Section 7C has been introduced into the Income Tax Act 58 of 1962 as an anti-avoidance provision to discourage the use of trusts for estate planning purposes. Section 7C is effective from 1 March 2017 and will apply to any loans, advances or...
