12 Sep

Beware the pitfalls of bequeathing property

Maya Fisher-French

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As a parent, you need to decide whether you leave the property to one child or if it will be shared equally among all children. Photo: iStock

PERSONAL FINANCE

Is the property yours to bequeath to your children?

Louis van Vuren, CEO at the Fiduciary Institute of Southern Africa says that, when it comes to bequeathing a property, the first determining factor will be the matrimonial property regime. There are many cases where spouses may be estranged but not divorced. The matrimonial property regime would still apply.

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