Executorship – Nomination and appointment
The estate of every deceased person requires an Executor to be appointed to administer the respective estate. Appointment of Executors, as well as their duties, are overseen by the Master of the High Court, with the Executor being issued with Letters of Executorship, or Letters of Authority, by the Master of the High Court upon […]
Sectional Title Property
The purchase of a Sectional Title Unit is an immovable property transaction that is, for many Purchasers, the most significant financial transaction they undertake in their lives. The purpose of this article is to highlight common issues that arise in such transactions, particularly mistakes that Purchasers make by not being informed or by not seeking […]
BEWARE OF TRANSFERRING IMMOVABLE PROPERTY TO A MINOR CHILD
It seems like a sound investment to transfer immovable property to your minor child. The property remains separate from your estate, away from potential third party creditors, and you do not run the risk of excessive capital gains tax that you face when transferring such property to a trust. But be warned: Transferring the property […]