Thought Of The Week Archives - Page 26 of 33

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Thought of the Week | Drawing up your own will: is professional assistance really needed?

The law does not prevent a lay person from drawing up his own will but there are many legal formalities which must be complied with for a will to be valid. Often these are overlooked by the inexperienced will draftsman

Thought of the Week | Spouse Granting Power of Attorney Passes Away

If I give my spouse a power of attorney to operate on my banking accounts, will he or she still be able to continue to operate these accounts after I die? In terms of South African law a power of

Thought of the Week | Just change the rules!

Pete and Jane own a sectional title unit in a quiet residential scheme. With their children away on gap years and studies, and with a view to bolstering their retirement savings, they decide to make the now empty accommodation available

Thought of the Week | Am I entitled to maintenance after divorce?

Our common law provides that spouses have a reciprocal duty to support each other during their marriage, which includes financial support. This reciprocal duty ends when the marriage is terminated either by death or divorce. In the event of death,

Thought of the Week | A Power Of Attorney Can Lapse

Whether because of old age or practical necessity, an ageing parent may decide to entrust the management of his affairs to one of his children, by signing a Power of Attorney in their favour. The question that arises is whether

Thought of the Week | Title Deed Conditions: can they be removed and if so, how?

There are options available to a home owner who wishes to remove certain conditions from the Title Deed relating to his property. Generally, the process is determined by ascertaining in whose favour the condition is registered. If, for example, the

Thought of the Week | You And Your Spouse Agree To A Divorce, Now What?

When two spouses agree to terminate their marriage by way of divorce, the process does not have to be as daunting as it appears. As Family Law experts, we assist clients to concur on the way forward, and then draft

Thought of the Week | SUBDIVISION: Things You May Not Know

Property owners sometimes consider subdividing a property in order to benefit financially from selling off portions of their land. There are quite a few steps to follow. On the one hand, subdivision must be permitted in terms of applicable zoning

Thought of the Week | Conveyancing Tariff Increase

The Law Society of South Africa has just published tariff increases in conveyancing fees for the registration of transfers, mortgage bonds and other transactions. The increases are effective in respect of transactions received from 01 May onwards and the updated

Thought of the Week | Making The Purchaser Pay The Agent’s Commission

Home buyers are generally well aware of the ‘hidden costs’ of buying a home. One such cost is transfer duty which is calculated as a percentage of the agreed purchase price. Determining the amount of transfer duty payable to SARS