Family homes are the foundation of a community’s wealth and Zola’s area of practice focuses on educating families on how to protect their assets. Zola will be educating us on the importance of wills and estate planning and will provide a high-level overview of winding up of a deceased estate.
Join us for an insightful discussion on Finance and Funding led by industry experts Lornelle Jonas, Emmanuella Da Graca, Louise Darko, and Zola Mbatha. This masterclass is tailor-made for business owners seeking to push their ventures to greater heights and strategically plan for the future.
Family homes are the foundation of a community’s wealth and Zola’s area of practice focuses on educating families on how to protect their assets. Zola will be educating us on the importance of wills and estate planning and will provide a high-level overview of winding up of a deceased estate.
In South Africa, the Recognition of Customary Marriages Act 120 of 1998 delineates the prerequisites, registration process, and proprietary outcomes of customary unions. To validate a customary marriage, both parties must be of legal age, consent, and adhere to customary law. Registration, though not obligatory, is pivotal for legal recognition, necessitating documentation including a certified death certificate and the Lobola letter. Failure to register within three months doesn’t nullify the marriage. Proprietary consequences default to a community of property and profit unless specified in an antenuptial contract, which must precede customary rites. It’s essential to recognize that customary unions typically entail community of property unless legally altered beforehand, underscoring the importance of proactive legal measures.
Navigating the intricate process of estate administration requires careful attention to detail and adherence to legal requirements. From reporting the estate to distribution, each step plays a crucial role in ensuring a smooth transition of assets. Here, we outline the essential steps involved in administering a deceased’s estate, providing clarity and guidance for Executors tasked with this responsibility.
