Did you know that if a person dies without drawing up a valid Will, the Estate is finalised according to intestate succession laws and the Master may require that a bond of security be provided before they grant the letters of executorship? A bond of security usually has to be provided for the gross value
Here’s a checklist to help you get your estate (or that of a loved one) organised! Plan well. Live well. Do you have a valid Will and does it need updating? You should get a Last Will and Testament drafted when you become an adult, or as soon as you acquire assets. And have it
I ended off the previous article by mentioning that South Africa has put certain safety measures in place to encourage public trust in non-profits. One of these measures is the introduction of non-profit companies. Therefore we now have the option of registering an NPO or NPC. NPO or NPC? A NPO (Non-Profit Organisation) is registered
Some years ago as I set out to start a non-profit company I received mixed reactions; the sheer delight of some who saw the potential and the value of an organisation committed to being of public benefit, and the grimace of others who were in that second recollecting all the non-profit related scams and money
A verbal lease agreement depends almost entirely on the relationship between the parties to the agreement being honoured. I have found that many clients seek assistance to enforce the verbal lease agreement or to obtain a written contract when the relationship falls apart or begins to take strain. However, this is of course problematic on
Having experienced loss myself, I understand that the administration of deceased estates can be a difficult and sometimes painful process for loves ones to deal with, therefore I would like to make this process a little easier for you by answering some of your questions (FAQ) here: 1. The reporting of an estate The reporting
1. Are Free Wills advisable? The Legal Profession is taking great strides in making Wills accessible to the public at large and in doing so run an annual Free Wills Week, or offer the drafting of free basic Wills at various Clinics or pro bono offices. These are usually done with the good intention of
1. How is my property dealt with if I die without having a valid Will? If a person dies without a valid Last Will and Testament, their estate, which includes their movable and immovable property, devolves according to the Intestate Succession Act 81 of 1987, of South Africa. Therefore, the intended bequests of an individual,