Tag: inheritance

When considering purchasing property overseas make sure you have the correct Will to cover your offshore assets.

National Wills Week will be held this week from 13 to 17 September 2021. This is an ideal opportunity to draft a will or to review an existing will. In recent times, we have come to realise that death can happen to anyone, at any time. Death does not discriminate against age. Whether you’re young or old it is therefore important to ensure your affairs are in order.

Wealthy parents are often concerned about the preservation of their hard-earned family fortunes for their children, and rightly so: research has shown that around 70% of young heirs end up failing as custodians or stewards of the family wealth, sometimes squandering it within a few years after inheritance.

This year, nearly one in five married South Africans will make the decision to start afresh and get a divorce. As you put your life back together after a relationship split don’t get distracted from updating your Will to reflect your new status. 

While South African citizens temporarily working overseas are still subject to South African tax laws, individuals who wish to permanently emigrate to a new country need to ensure that they follow the correct steps to enable them to take their savings with them and avoid running up against unnecessary tax problems down the line.