Court orders removal of Grand Parade chair from 'dysfunctional' Hout Bay Trust

2018-10-11 17:02

The High Court has ordered the immediate removal of Dr Hassen Adams, chair of empowerment company Grand Parade Investments, as trustee of the Hout Bay Development Trust.

Trusts: Risky to ignore independent trustee requirements

2018-08-02 16:24

In March 2017 the Master’s Office issued a directive stating that all new so-called “family business trusts” must appoint an independent trustee.

What SA couples can learn from Hugh Hefner's antenuptial contract

2017-10-09 19:41

Playboy founder Hugh Hefner had a very strict antenuptial contract with his 30-year-old wife, which reportedly excluded her from inheriting anything from his R593m estate.

How siblings are impacted by collation in a will

2017-08-21 17:47

There is a legal principle which, if not specifically excluded from a parent's will, can lead to a laborious “squaring of the books”.

Make sure your will is valid

2017-07-07 19:14

Unfortunately, practical experience has taught that a fight is often the case when someone dies, says Hilary Dudley, managing director at Citadel Fiduciary.

Retirement death benefit: fund trustees can override deceased member’s instructions

2017-03-09 18:37

According to the Office of the Pension Funds Adjudicator, the allocation of death benefits constituted the largest number of resolved cases.

Zuma’s new tax laws hammer wealthy and employees who earn shares: Quick guide

2017-01-23 10:12

President Jacob Zuma has signed into law several bills that will penalise wealthier investors, higher income salary-earners and trusts. Find out if they will affect you.

8 steps for wealth and fiduciary planning

2016-08-10 18:15

A wealth and fiduciary plan should deal with financial considerations and take into account legal principles and tax consequences, explains an expert.

The advantages of endowments

2016-05-11 12:22

In the increased capital gains tax environment, investors will be surprised to discover the advantages of managing a trust’s share portfolio in an endowment.

Ensure you know impact of trust and divorce

2015-09-02 18:06

Aside from being one of the most emotionally devastating life events, divorce can have a severe impact on a woman’s quality of life.

 

Wills drawn up for free during National Wills Week

2018-09-13 18:09

South Africans should take advantage of the opportunity to have their wills drafted during this year’s Wills Week from 17 to 21 September.

Estate planning: Are trusts still effective?

2017-10-11 13:30

As a result of recent legislative changes, tax structures set up to avoid or defer donations tax and estate duty may no longer be effective, cautions an expert.

Trusts: Another tax loophole about to close

2017-09-03 16:59

Another tax loophole is about to slam shut for South Africans who use interest-free or low interest loans made to a company-connected person in relation to trusts.

Look out for these tax change proposals

2017-07-25 14:02

A tax expert points out the specific tax proposals contained in the draft tax legislation released for comment last week.

Wills: What you need to know

2017-03-14 06:01

Many questions arise when it comes to the drafting of a will and the administration process in the event of death, says an expert.

Wealth planning for beneficiaries of B-BBEE schemes

2017-02-09 18:33

If you qualify for a Broad Based Black Economic Empowerment scheme, there could be many pitfalls and better ways to structure your affairs.

Beware of international estate duties when investing offshore

2016-12-29 15:33

More than ever, South Africans are looking into investing offshore, but this is not without risks, cautions an expert at Sovereign Trust (SA).

Four common pitfalls to avoid when drafting a will

2016-07-20 20:19

A badly drafted will can cause large problems with the actual administration of an estate, according to Anica Ungerer, manager of estates at Mazars.

Uncertainty about tax proposals regarding trusts

2016-03-08 16:44

If Budget 2016's proposals on taxation of trusts are enacted with a proposal by the Davis Tax Committee, it could be disastrous for trusts, says an expert.

Who can you trust to carry out your last wishes?

2015-08-12 17:06

Nominating an executor in your will who knows the law and has access to intelligent investment advice can avoid delay and uncertainty, says an expert.

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