A Personal Will Cannot Run a Business
For many business owners, estate planning ends with a personal will. The house, vehicles, savings, and personal belongings are dealt with neatly, while the business is mentioned briefly, if at all. That creates a serious gap in your continuity plan. A business is not just another asset in an estate. Shares, directorships, signing powers, shareholder […]
Sale of Immovable Property from a Deceased Estate
When an executor has been appointed by the Master through the issuance of Letters of Executorship, their primary duty is to finalise the administration of the estate as soon as possible. This includes taking control of the deceased estate assets, selling them if necessary to pay all estate liabilities, administration costs and estate duty (if […]