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The will or testament
Do you have a claim against your ex-spouses estate, post-divorce?
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...
Is it beneficial to set up a trust for estate planning purposes?
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...
The Premarital and Postmarital Agreement (Part I )
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 families, and...
Inherit Business Assets in Russia: Problems and Risks
Russian legislation does not provide any specific regulations to protect business assets after the death of testator which leads to impossibility to inherit business as a whole complex. There are risks of losing the business till the heirs accept the inheritance. For...
Succession in Russia: General Terms
Succession in Russia is possible by will and operation of law. The freedom of will is limited. To acquire the estate the heirs shall accept it. Succession in Russia is the only way to transfer property in case of death. The only way to change the order of succession...
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