Ntoi Consultants Proprietary Limited

12/11/2023

Get in touch..

Serfontein & Richards Attorneys, Conveyancers, Wills, Notaries, Deceased Estates, Commercial & Property Law, Antenuptial Contracts, Litigation, Family Law, Dispute Resolution, Notary Public

12/11/2023

Contact us on 083 501 6669

03/09/2023

LAW SOCIETY OF SOUTH AFRICA
NATIONAL WILLS WEEK 11-15 Sept
Let us draw your Will for free
For further enquiries, please contact
Lulu Ntoyi at
SERFONTEIN & RICHARDS ATTORNEYS
BALLITO OFFICE
email at [email protected]
or by phone at 083 501 6669

26/02/2022

Do not forget to draw up a will. Every day is a blessing. We ought to use our time wisely and prepare for the future of our generations.

09/09/2021

It is important to update a will after a divorce.

After getting divorced, South African law gives you a generous three-month window in which to consider your options. You would be strongly advised to take advantage of this concession.

As a Will is a legal document with legal consequences, it is always best to seek professional advice on anything relating to your Will, how it affects your estate and how it affects your heirs. We are positioned to assist you with all your estate planning needs.

10/04/2021

It is true that those who procrastinate making their wills, at the end their choices are made for them.

Have a say on what will happen to your assets after your death. Make your choices now.

For assistance, Please contact Ntoi Consultants Proprietary Limited on 0733043486 or send us an email to [email protected]

19/03/2021

Leaving a legacy when the world feels upside down

The pandemic has undoubtedly turned the world upside down. We have all witnessed how quickly a family´s circumstances can change, emphasising how important it is to get and maintain your affairs in order.

Estate planning is more than just having a will

Without a proper estate plan, you have no guarantee that your wishes as stipulated in your will, can be carried out. You might be under the impression that you have an uncomplicated will and estate, but the complexity can easily be underestimated. Even if you had an estate plan done but have not reviewed it as circumstances changed, there is no guarantee that your plan is still relevant and executable without unintended consequences.

Holistic estate planning is more than just looking at your personal estate

When you undertake estate planning, you should consider who your heirs are and what their needs would be as well as the overall liquidity of your estate. Besides your personal estate you should also - if you are a business owner - consider what happens to your business in the event of your death. Business assets often make up a large portion of a business owner´s estate and when doing estate planning you can be faced with the complex task of ensuring continuation of your business, retaining its value, or the challenge of liquidating the assets to the best advantage for your dependants.

Marital regime and maintenance obligations play a very important role

Careful consideration should, where applicable, be given to your marital regime to ensure that your will and estate plan is aligned with the rights and obligations that flow as a consequence of your marriage. In South Africa we have freedom of testation. This means that you can bequeath your assets to whoever you want, but this freedom can be affected by your matrimonial property regime. The accrual claim (if applicable) and the maintenance of your surviving spouse should also be carefully considered. Your spouse will be able to claim against your estate to the extent that they are unable to meet their maintenance needs. This accrual claim in favour of your spouse is also a claim against your estate. If adequate provision is not made, this can lead to unintended consequences as these claims must first be settled before your estate can pass to your heirs. The importance of these claims was highlighted by a recent supreme court case, ruling that the right to income of a li ving annuity forms part of an estate for the purposes of calculating an accrual and/or maintenance claim.

Everyone wants to leave a legacy, but this is not always as easy and as straight forward as it seems

At Ntoi Consultant Proprietary Limited we are here to help you avoid the pitfalls of unintended consequences. We can assist you with a comprehensive estate plan addressing all elements, providing you with peace of mind. You can contact us for consultation and advise.

14/03/2021

What is a Deceased Estate?

Everything that a deceased person owned such as a house, money, cars, policies and pension (assets) as well as the deceased person’s debts and expenses (liabilities), forms part of what is known as the deceased estate.

The most important thing that a person owns is the family home. When a person passes away the family home as well as all other assets fall into a deceased estate and is frozen. This means that you will not be able to register the new owner of the family home, or have access to money belonging to the deceased until an Executor has been authorised by the Master of the High Court in terms of Letters of Executorship.

The Executor is the authorized person who will be able to do things such as sign documents and deal with the bank on behalf of the deceased person.

01/03/2021

Here’s what could happen if you don’t have a Will:-

1. Your estate will get distributed according to South African law (Intestate Succession Act) and not according to your wishes.

This means people you may have wanted to inherit something won’t, and those you didn’t want to, might.

If your Will hasn’t been updated from your previous marriage, or you aren’t currently married to your partner, they may be left with nothing.

Ugly disputes that could split families could result from relatives and loved ones fighting over the distribution of your estate.

It is your responsibility to decide today to have your Will drawn instead of leaving a mess behind.

27/02/2021

It is important to have a Will. However starting the process to draw up a Will can be a very sensitive and daunting experience for most people. But death as we know is one of those certain things in life, and because we don’t know the time or the hour, it is always better to be prepared.