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How your marital regime affects estate planning

How your marital regime affects estate planning

Christel Botha, fiduciary services manager at Alexander Forbes, looks at the impact that various marriage contracts have in the event of the death of a spouse. The month of love has arrived, and many couples will be getting married, or planning a...

Video: Review your will

Video: Review your will

Last week was National Wills Week, which is always a great reminder to review your will. If you don’t have one, make sure you prioritise this immediately. To find out more about what should be in your will and what makes a will valid, I am speaking...

Unmarried couples must ensure they have a valid will

Unmarried couples must ensure they have a valid will

By Elmien Pols, Private Client Trust In these interesting times in which we find ourselves, it is not unusual for people to live together, have children, buy properties and run a business together without formalising their relationship, either...

Money Makeover: Planning for when you’re no longer around

Money Makeover: Planning for when you’re no longer around

Our Money Makeover candidates are all parents, so estate planning is a particularly important part of their financial plan. Read this article to get tips on what to look for when drawing up your will and making sure you have tax-effective estate...

Video: Make sure your will carries out your wishes

Video: Make sure your will carries out your wishes

A will is a very important document as it makes sure your wishes are carried out and protects your children when you no longer can. However, there are circumstances where your wishes can be superseded. Your retirement funds do not fall under your...

Listen: Does your will reflect your wishes?

Listen: Does your will reflect your wishes?

Who should you select as an executor and what happens to your retirement funds when you die? Maya (@mayaonmoney) and Mapalo (@womanandfinance) unpack what you need to consider when writing up your will.   Further reading: What should you...

Your retirement benefits may not end up where you plan

Your retirement benefits may not end up where you plan

If you are formally employed you might have been required to join your company’s contracted retirement scheme, and they would have asked you to nominate a beneficiary for the proceeds in case you die before retirement. However, if you chose a...

A financial survival guide to divorce

A financial survival guide to divorce

Facing the breakdown of your marriage can be extremely painful emotionally, but with the right knowledge and planning, it needn’t be financially devastating as well, says Citadel Advisory Partner Kirsten Smit. “Getting divorced carries enormous...

Godparent vs Guardian: debunking the myths

Godparent vs Guardian: debunking the myths

By David Thomson, Senior Legal Adviser at Sanlam Trust Whether you are a godparent or you’ve asked someone else to be your child’s godparent, do you have clarity on what the term actually means? There is a critical difference between a godparent...

Maya Fisher-French author of Money Questions Answered

Previous Articles

Common mistakes when drafting a Will and how they impact your wishes

By Kezia Talbot, Legal Advisor and Remay de Kock, Legal Adviser at BDO SA. It is officially National Wills Week. Wills can get quite tricky – there are several common mistakes that are made when drafting a Will that can have a serious impact on your wishes. One of the...

Can a mistress inherit from a married man’s estate?

Marilyn Monroe, Marla Maples, Michelle McGee, and Kristen Stewart – all successful women in their own right, with one controversial commonality – they were mistresses to married men. The term ‘mistress’ is an inflammatory one – a name as complicated as its legal...

Spouses need to review their finances

Changes to the taxation of estates could leave a surviving spouse with a hefty tax bill. Last month the Davis Tax Committee (DTC) issued an update on its tax recommendations especially around so-called “death taxes”. Some of the key recommendations are to remove...

Don’t get caught out by a poorly thought-out Will

By David Knott, fiduciary expert at Private Client Trust Buying insurance, and drafting and updating your Will, can be put next to each other on the list of things that we don’t really want to do, and often put off doing. For many of us insurance is a grudge purchase,...

Should I put my assets in a family trust?

Lebo writes: My brother has suggested that I form a family trust and put my house, car and investments into it in order to protect them. Is this a good idea? Frank Magwegwe, head of Momentum Personal Adviser Services at Momentum Retail replies: Trusts are very...

Understand your marriage contract

Many couples underestimate the importance of their marriage contract, and the implications it has in the case of death or divorce. Watch Episode 16 of the Change in your Pocket series for a detailed explanation of the various marriage contracts....

The ins and outs of a buy and sell agreement

Tanya Lochner of Glacier Fiduciary Services discusses a buy and sell agreement as an exit strategy where there are two or more partners in a business. A business needs to prepare for the event of one or more of the partners dying or becoming disabled. Putting a buy...

Common mistakes to avoid when drafting a will

If you have a will, you’ll have the last word on what should happen to the fruits of all your hard work when you are gone, right? Not quite, says Sanlam Trust legal adviser, Clive Hill. Wills have split up families, turned siblings into prime enemies and wasted...

You probably need a foreign will if you have invested offshore

Since the relaxation of exchange control, and as the Rand continues its downward slide, many South Africans are investing offshore with important consequences for their estate planning. If you have invested offshore, consider whether you need a foreign will to deal...

Retirement annuity tax loophole to be closed

By Tanya Lochner, fiduciary specialist at Glacier by Sanlam In the foreseeable future retirement annuities will no longer fall outside of your estate for estate duty purposes, so bear that in mind when you do your estate planning. Since 2007, a retirement annuity (RA)...

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