THIS IS A BOOK THAT ANYONE WITH ASSETS SHOULD READ

Discretionary Living Trusts A legacy for generations

Written by Trust Specialist, Mervin Messias, it is the culmination of knowledge and expertise that has been acquired over many years’ study and practice of Trust law.

The author recommends the use of Trusts as part of estate planning because they provide solutions to many potentially complicated problems related to asset protection, succession planning, and disability protection. Many little-known benefits of Trusts are revealed to help protect your hard-earned wealth for generations to come. A Trust circumvents the whole process of winding up an estate, together with its potential delays, hassles and frustration.

In fact, a Trust deserves pride of place in any estate plan. It means business as usual, even after death, with no executor, executor’s fees or estate duty.

Read all about it!



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    Avoiding Inheritance Disp...

     

    Avoiding Inheritance Disputes

    Avoiding Inheritance Disputes

    Why do inheritance conflicts occur?

    It is important to note that a lot of inheritance conflicts occur when a person passes away and does not have a last will and testament that outlines how he wants his assets to be distributed. Sadly, family members can have a fight over what they feel the deceased family member owes them. They can get angry with the deceased family member, and they can even fight with each other over their inheritance.

    How to avoid inheritance disputes:

    • Respecting the contents of the will is vital. Even if you might not agree with your father’s wishes in his will, you must still respect his wishes.
    • It may be a good idea for you to meet with your family members and have an informal meeting. Get all your family members together and try to resolve your inheritance dispute informally. You can talk about your grievances.
    • It is essential that you are ready to compromise. Being willing to compromise may assist in resolving your inheritance dispute with your other family members.
    • If you and your family members are unable to agree on a compromise, you should think about mediation or arbitration. These are the options that you should choose before you go to court.

    Stop your family from having an inheritance dispute before it’s too late.

    While you are still alive, you can do the following:

    • Talk to your attorney before you make any changes to your estate plan.
    • Update your estate plan often. This is crucial.

    An inheritance dispute can really upset your family members. Make sure that you do all you can to avoid inheritance disputes amongst the members of your family while you are still alive. You wouldn’t want your children not to speak to each other for years because of an inheritance dispute.

    DR MERVIN MESSIAS
    JD (Juris Doctor) / BA, LLB (Wits) / TEP (Trust & Estate Practitioner) / MTP (Master Tax Practitioner – S.A)