Legal Articles and Guides
Estate Planning & Trusts
Estate Planning and Trusts
A recent Supreme Court of Appeal (SCA) decision (M v M (332/2015)  ZASCA 5) illustrates once again how essential it is, before getting married, to have your lawyer structure your antenuptial contract (ANC) correctly, and with as much detail as is needed for certainty.
Trusts have various advantages, but unfortunately, there are also disadvantages. Although this is not a complete synopsis of all the pros and cons, it gives a general overview of what’s involved.
The estate of a deceased person should be reported to the Master, usually within 14 days from the date of death.
Six siblings have lost their High Court bid to hang on to their onetime family home and have their stepmother’s sale of the south Durban property set aside. The Mercury reports the siblings – and one of their wives – approached the courts last year, seeking to have the sale deemed unlawful and wrongful. They wanted the property declared part of their parents’ ‘matrimonial property’.
The Constitutional Court has ruled that when a partner in a permanent same-sex partnership dies‚ the surviving one‚ even though they are not legally married‚ inherits the deceased’s intestate estate‚ says a report in The Herald. The case concerned the intestate succession rights of unmarried partners in a permanent same-sex partnership in which the partners had undertaken reciprocal duties of support.
A woman’s maintenance claim of more than R5m against the estate of her male life partner has highlighted the unequal protection afforded in law between heterosexual and same-sex unmarried people, says a Cape Times report. The latter are protected by the Civil Union Act, but heterosexual life partners are left in the cold because Parliament has not yet enacted law in that regard.
Whether you are young or old, healthy or ill, single or attached, you should have a Will. Without one, you die “intestate”, which means you forfeit your right to decide who inherits what, who administers and distributes your estate, and who looks after your children and their money. You owe it to your loved ones to spare them the inevitable financial and personal ri
A brother and sister went to court after their wealthy father made his caregiver a beneficiary in his will, effectively freezing them out of inheriting for 15 years, says a Cape Times report. The consequence of the decision by the late Jacobus Grimbeek was that his children would have to wait out the stipulated period before they could inherit from him.
The battle between former Justice Minister Penuell Maduna and his ex-wife escalated this week, with Nompumelelo Maduna claiming he had â€˜concoctedâ€™ a story to get out of sharing the millions from his empowerment deal with his family, says a Sunday Times report. Nompumelelo filed court papers in response to an urgent application by Penuell in the Gauteng High Court (Pretoria) last month, in which he claimed she was trying to dupe him out of his R10.8m portion of Sasol dividends.
The Mthatha High Court has dismissed the appeal of Winnie Madikizela-Mandela who had laid claim to the Qunu home of former President Nelson Mandela. The court also ordered Madikizela-Mandela to pay the cost of the application, according to a report on The Citizen site. She filed an appeal in April after losing an earlier bid to lay claim to Madiba’s Qunu home in the Eastern Cape. Madikizela-Mandela’s lawyer Mvuzo Notyesi reportedly said they would now petition the SCA.
If your aging parents have asked you for help with making decisions as to their personal welfare, financial affairs, medical treatment and so on, asking them to sign a power of attorney in your favour may be the answer. Just be aware that it is only a temporary solution.