Everyone of working age should have a Will. But many of us shy away from it, using a bunch of excuses. In reality, it’s the thought of death that puts most of us off taking this incredibly important financial step. MYTH 1 – I DON’T NEED A WILL, I’M STILL YOUNG This is one of […]
YOUR MAINTENANCE OBLIGATIONS AFTER YOUR PASSING
When does the obligations to pay maintenance to children, surviving spouse and/or former spouse end? This is a vital consideration often overlooked with estate planning and drafting of Wills. Failure to make the necessary arrangements may lead to disputes over your estate. According to South African law, parents are required to support their children until […]
FORMALITIES OF A VALID WILL IN SOUTH AFRICA
There are specific formalities which a Will must comply with in order for it to be rendered as valid in terms of the Wills Act 7 of 1953. The requirements for a valid Will are as follows: A person must be over the age of 16 (sixteen) years. The Will must be in writing. This means that […]
YOUR LITTLE ONE CAN, IN FACT, BE REGISTERED AS A TAXPAYER
I remember how stunned I was back in 2016 when my daughter, Zinathi, who was 3 months old at the time had to be registered with SARS for tax purposes. I had taken the decision to take her to an agency, and upon registration as a “model” (laughs), I was advised that she would need […]