by Sonia Velasco | Aug 22, 2014 | • Residency; consequences, double nationality, cross border estate planning, • The will or testament
Are non residents in Spain discriminated against where inheritance and gift tax is concerned? Are there any possibilities to ask for a refund of the taxes paid in the past? The tax treatment of non residents in Spain concerning inheritance and gift taxes could be...
by Sonia Velasco | Aug 22, 2014 | • Residency; consequences, double nationality, cross border estate planning, • The will or testament
Issues arising when an inheritance or a gift involves non-resident individuals. Under Spanish regulations, mortis causa transfers and inter vivos gifts are subject to inheritance and gift tax (“IGT”). Spanish resident individuals are subject to IGT on their worldwide...
by Liesl Fischer | Jul 28, 2014 | • Marriage contracts, nuptial agreements and family law, • The will or testament
Claiming maintenance in terms of the Maintenance of Surviving Spouses Act 27 of 1990 The Maintenance of Surviving Spouses Act 27 of 1990 (hereinafter referred to as “the Act”) allows, in certain circumstances, widows / widowers to be maintained from their...
by Liesl Fischer | Jul 28, 2014 | • Residency; consequences, double nationality, cross border estate planning, • The will or testament
In terms of Section 2B of the Wills Act 7 of 1953, if there is an existing will and either spouse dies within 3 months of the date of divorce, the ex-spouse will not receive any benefits allocated to him/her in terms of the will. If, however, the ex-spouse dies 3...
by Liesl Fischer | Jul 28, 2014 | • Residency; consequences, double nationality, cross border estate planning, • The will or testament
Estate planning in your personal name Estate planning involves the effective structuring of assets so that they may be transferred to the people nominated by you, in your will, without paying unnecessary taxes or estate duty. Proper estate planning will also reduce...
by Leigh-Alexandra Basha | Jul 28, 2014 | • Marriage contracts, nuptial agreements and family law, • The will or testament
The Premarital and Postmarital Agreement – consider it when tying the knot or thereafter. Legal and tax considerations of pre and postmarital agreements? Marriage today is more complex than ever given the high rates of divorce, second marriages, blended...
