When planning your estate, many people assume that dividing property equally among their children is the fairest approach. At first glance, this seems straightforward and just. However, equally splitting property can lead to unexpected complications, family disputes, and financial challenges. Understanding these risks can help you make better decisions that protect your legacy and family harmony.

Setting up a family trust in South Africa is a popular way to protect assets, manage wealth, and plan for future generations. But one crucial decision often overlooked is whether to appoint an independent trustee. Choosing an independent trustee can make a significant difference in how your trust operates and safeguards your family’s interests. This post explains why having an independent trustee matters and what could happen if you don’t include one in your family trust.

When planning your financial future in South Africa, many people overlook a powerful tool that can save money and provide peace of mind: a trust structure. Trusts are often seen as complex or expensive, but in reality, they can cost you nothing in tax savings and estate fees while offering significant benefits.

Deciding how to hold property is one of the most important choices for any investor or homeowner. The decision to purchase property in your personal name, through a trust, or via a company affects taxes, liability, control, and future flexibility. Each option has its own advantages and drawbacks, so understanding these differences can help you make a clear, confident choice.

When planning your estate, you might come across the term trust mortis causa. This type of trust is often mentioned in legal and financial circles in South Africa, but many people are unsure what it means or whether it is a good option for their estate planning.

Estate planning is a crucial step for anyone who wants to manage their assets effectively and ensure their loved ones are taken care of after they pass away. In South Africa, the process involves various costs that can sometimes be surprising or overwhelming. Knowing what these costs are and how to reduce them can save you money and stress in the long run.

When a South African passes away owning assets outside the country, having only a South African last will can create significant complications. Many people assume that a single will covering all their assets is enough, but this is often not the case. Without an offshore last will, the process of transferring foreign assets can become lengthy, costly, and legally complex.

Passing away without a valid last will can create a complex and stressful situation for your loved ones. Without clear instructions, the distribution of your assets and care for dependents may become tangled in legal processes that take time and money. Understanding the consequences of dying intestate (without a will) helps highlight why having a valid last will is crucial.