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What is freedom of testation?
Freedom of testation is a law that allows a testator (or testatrix) to bequeath assets in a will as they please. South Africa observes freedom of testation, so a person can leave his or her assets to whoever they like....Does my SA will cover my UK assets?
Yes, a worldwide will works very well if you live in South Africa but have assets in a country with similar heirship laws to our own, such as the UK. Like South Africa, the UK has freedom of testation. It’...Which type of will is best if I own fixed property in other countries?
Generally, a foreign will is advisable if you own immovable property overseas. Fixed property will need to be transferred according to the laws of the said country so you will need to ensure that all formalities are complied with. Also, ...What are the 3 types of testamentary trusts?
In the realm of estate planning in South Africa, testamentary trusts play a crucial role in safeguarding the financial security and well-being of beneficiaries. These trusts are established according to a person’s last will and testament and come ...What are the benefits of a trust?
Trusts are a powerful and versatile way to safeguard your assets and ensure the seamless distribution of wealth according to your wishes. There are different types of trust options available, each with its own benefits. From living trusts that offer ...Who must be covered in a last will and testament?
The importance of having a valid will in place cannot be overstated. A carefully crafted will allows you to secure your family’s future, protect your assets and wishes, and plan for the unexpected. However, understanding who must be covered ...