And how they can be incorporated to reduce tax in one’s estate A primary function of estate planning is to put measures in place to reduce the estate duty liabilities in one’s estate so as to enhance estate liquidity and maximize the financial legacy for your loved ones. There are …
There are several martial systems recognized by the South African Deed Offices, each of which will influence the property transactions in different ways. Understanding this can help homeowners make good investment decisions upfront. “Buying a home as a married couple can be an exciting step in the couple’s life …
Let us start by explaining the meaning of the word “voetstoots”. “Voetstoots” has its origins in South Africa’s Roman-Dutch law heritage and translates to: “to push a thing sold with one’s foot to indicate delivery and not come back with complaints later”. This means to sell or buy a property “as …
Buying a home is the largest investment most people make and it’s a lengthy, complex procedure peppered with potential pitfalls, so the last thing you need after successfully navigating the process is to experience buyer’s remorse. “There are so many factors that require the buyer’s time and attention that it’s easy …
The Property Practitioners Act is set to change the industry “dramatically”. Other laws attorneys say will affect it include the proposed Housing Consumer Protection Bill, the Land Court Bill, and the Western Cape Government’s draft Inclusionary Housing Policy. Once the Property Practitioners Act – which has been promulgated but …
At the moment, most of us are working from home until such time as the lockdown (or any extension thereof) is lifted. While inconvenient, it does present the perfect opportunity to get your personal affairs in order, including Estate planning and the preparation of a Will. Why should …
Drafting a will is something that everybody should prioritize since we never know what the future holds. We are all aware of the saying ‘nothing is certain except death and taxes. Morbid as it might sound, it’s never a convenient time to start thinking about what will happen to …
The POPI Act is a new all-inclusive piece of legislation that safeguards the integrity and sensitivity of private information. Companies are required to carefully manage the data capture and storage process of Personal Information within the lawful framework as set out in the Act. Below is the definition of Personal …
A last will and testament is a legal document that lets you decide what happens with your estate after you die. Yet, according to a recent survey, almost two-thirds of all Americans don’t have a will. If you’re among them, you should know that there are many reasons to have a …
If your legal agreements leave you cross-eyed, fear not: Private Property has defined and simplified the top 20 property terms you should know. Top 20 property terms Let’s get right down to it: clearing up the confusion you may feel when confronted with legal terminology or property industry jargon is …
Benefits of Hiring a Real Estate Agent Buyers and sellers are on separate sides of the fence when it comes to home sales. What one is trying to achieve is often diametrically opposed to what the other wants to see happen—the first usually want to steal the property while the other …
What is home repossession? If a borrower defaults on payment and money needs to be recovered by the credit provider, the credit provider is entitled to cancel prior agreements made on the house to recover the funds owed. What is the process? The bank gets in touch with the debtor to discuss …
