Registration of Trusts
To register a revocable living trust, the trustee must file a statement with the court where the trustee resides or keeps trust records. The statement must include the name and address of the trustee, and acknowledgement of the trusteeship.
Deceased Estates & Insolvent Estate Transfers
A deceased estate comes into existence when a person dies leaving the property or a document that is a will or purports to be a will. Such estate must then be administered and distributed in terms of the deceased's will or failing a valid will, in terms of the Intestate Succession Act.
If your deceased estate turns out to be insolvent, and you have nominated a beneficiary, the proceeds of the policy will not fall into your insolvent estate but will be paid directly by the insurer to the nominated beneficiary.
Estate Planning - Wills
Creating a comprehensive estate plan to deal with your assets and provide for your loved ones after your death is an important financial duty. Creating an estate plan is an important responsibility and yet too many South Africans – 70% of the working population – do not have a Will in place.
Will (“Last Will and Testament”) is a formal, signed, written document, in which a testator voluntarily sets out his instructions in unambiguous terms as to how his assets are to devolve following his death.
Trust DLNM with your Estate Planning requirements. We also offer professional Family Law services for your convenience.