Trusts are well-known to facilitate effective estate planning and continuity planning strategies. That said, setting up a trust – whether an inter vivos (between the living) or a testamentary (created in a will) − should be carefully considered and not
Customary marriages and community of property
Since the promulgation of the Recognition of Customary Marriages Act, 120 of 1998, the position has changed in that customary marriages are now recognised in our law. A marriage that is valid in terms of customary law and was in
Bail in South Africa
In any court case when a person is arrested, the accused person remains to be presumed not guilty until the court finds such person guilty. In our law no one may be detained without trial. If an accused is arrested,
What should a conveyancer do?
Conveyancing (or conveyance) is the legal term for the process whereby a person, company, close corporation or trust becomes the registered and legal owner of immovable property and ensures that this ownership cannot be challenged. It also covers the process
VAT increase and the effect on property transfers
The increase was announced in the Minister of Finance’s Budget Speech on 21 February 2018. The standard rate of VAT will change from 14% to 15% on 1 April 2018 (the effective date). How will this VAT increase affect property
How does the Budget Speech affect you, your property transactions and your estate?
How does the Budget Speech affect you, your property transactions and your estate? Hereby a summary of the most significant proposals for the 2018/2019 Budget as tabled by the Minister of Finance: 2018/2019 Tax Proposals: VAT: A one percentage
Live From The Field
How-does-the-Budget-Speech-affect-you.pdf
SECTION 129 LETTER – REQUIREMENTS FOR DELIVERY
Section 129, read with Section 130, of the National Credit Act (“the NCA”) provides that when a consumer falls into default in terms of a credit agreement, the creditor is required to send a written notice to the defaulting consumer