Incisive Legal Insights
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Drafting a Will
Our Constitution (at Section 25 of the Constitution) gives us all what is known as “freedom of testation”. It grants a testator extensive power to draft a will which directs how his or her estate’s assets must be distributed upon death.
Cryptocurrency Estate Planning
Therefore, crypto assets would be treated as intangible assets in your estate for both executor’s fees and estate duty purposes.
Contesting a Will
Contesting a will essentially refers to raising a formal objection against the validity of a will, based on the contention that the will does not reflect the actual, true intent of the testator. A will may be challenged or contested in its entirety or in part.
Sectional Title
A sectional title consists of a part of a building or a separate building on a piece of land that has been converted into a sectional title scheme by means of the Sectional Titles Act No 95 of 1986.
Subdivisions
Subdividing is the process by which one property is divided into two or more portions. So sub-divided. When someone buys a portion of a subdivided property, it is exactly the same as buying any other vacant land (or erf).
Sale of Property Agreement
Once a seller has accepted an offer to purchase (meaning the transfer process has officially begun), the buyer must produce proof that that their bond application has been successful.
Residential Property Transfers
Once a seller has accepted an offer to purchase (meaning the transfer process has officially begun), the buyer must produce proof that their bond application has been successful.
Residential Developments
Once a seller has accepted an offer to purchase (meaning the transfer process has officially begun), the buyer must produce proof that their bond application has been successful.
Half-Share Transfers
There are often times a need to change, cancel or undo the common practice of co-ownership or owning immovable property jointly (co-ownership and joint ownership mean the same thing and are used interchangeably).
Endorsements
Sometimes certain restrictions are placed on a property. These are known as endorsements. An endorsement can be a mortgage bond, mineral rights, interdicts (caveat or attachment) and section 25 real rights to extend.