‘n Trustakte is die grondwetlike- en stigtingsdokument van ‘n trust. Dit is die skriftelike dokument in terme waarvan u trust opgerig word en dit bevat die raamwerk waarin die trust moet funksioneer. Trusts word dikwels gebruik as deel van boedel-, besigheid- en opvolgbeplanning en die voordele wat uit die behoorlike gebruik van trusts spruit is […]
WHAT ON EARTH CAN GO WRONG?
This is the slogan of a well-known insurance company on television. A search on the internet will show that there is actually 6,300 tons of space junk that orbits the earth. Did you ever consider the possibility that this space debris can penetrate the earth’s atmosphere and cause loss and destruction? Who will be liable […]
WAT OP AARDE KAN VERKEERD GAAN?
Dit is die slagspreuk van `n bekende versekeringsmaatskappy op televisie. `n Nasoek op die internet toon aan dat daar ongeveer 6,300 ton ruimteafval in `n wentelbaan om die aarde swerf. Al ooit gewonder of hierdie afval die aarde se ruimte kan binne dring en skade aan `n mens se eiendom en/of persoon kan aanrig en […]
VELDFIRES – A NIGHTMARE YOU SHOULD AVOID
In June 2017 Knysna experienced one of its worst disasters yet when 500 houses were destroyed and approximately 7000 people had to be evacuated due to veldfires. In addition to the recent Knysna fire, veldfires have become an unfortunate regular heading, specifically in the Southern Cape. Veldfires causes extensive damage to properties, sometimes coupled with […]
VELDBRANDE – ‘N NAGMERRIE WAT JY MOET VERMY
In Junie 2017 het Knysna een van sy ergste rampe beleef toe 500 huise vernietig is en ongeveer 7000 mense ontruim moes word weens veldbrande. Bo en behalwe die onlangse Knysna brand, het veldbrande ongelukkig ‘n gereelde opskrif geword, veral in die Suid-Kaap. Veldbrande rig groot skade aan eiendomme aan, soms gekoppel aan die tragiese […]
IS BUSINESS RESCUE AN OPTION FOR YOUR BUSINESS?
Many companies find themselves under financial pressure in today’s challenging and complex economic and trading environment. It is imperative that directors of enterprises immediately take appropriate action and decisions when it comes to light that their business is in financial distress. This allows for expert knowledge and advice to be obtained in time for a […]
IS BESIGHEIDSREDDING ‘N OPSIE VIR JOU BESIGHEID?
Baie maatskappye bevind hulleself onder finansiële druk in vandag se uitdagende ekonomiese omstandighede en komplekse handelsomgewing. Dit is van uiterste belang dat direkteure van ondernemings onmiddellik gepaste aksie en besluite neem wanneer dit aan die lig kom dat hulle besigheid in finansiële nood verkeer. Daardeur kan ekspert kennis en advies betyds ingewin word en ‘n […]
KRIPTO-GELDEENHEDE IN JOU BOEDEL
As jy mooi daaroor dink, was dit onvermydelik dat virtuele geld en digitale geldeenhede hul pad in ons alledaagse lewe sou vind. Ons het dan immers virtuele vriende danksy sosiale media en virtuele winkelsentrums danksy aanlyn-kleinhandelaars…. Kripto-geldeenhede vorm deel van u digitale bates. In teenstelling met ander digitale bates soos sosiale media-profiele, het dit ‘n […]
CRYPTOCURRENCY IN YOUR ESTATE
It was inevitable that virtual money and digital currency would find its way into our everyday lives. After all, we have virtual friends thanks to social media and virtual shopping malls thanks to online retailers…. Cryptocurrency forms part of your digital assets. Unlike other digital assets such as login credentials and social media profiles, it […]
KEEPING A FAMILY OUTSIDE THE COURT
Family law issues such as divorce, maintenance and contact rights with regards to minor children are always accompanied by emotion. There is usually animosity between the parties which results in them wanting to attack each other with the full force of the law and litigation. Unfortunately, litigation more often than not, only adds fuel to […]
HOU ‘N FAMILIE BUITE DIE HOF
Familieregtelike kwessies soos egskeidings, onderhoud en toegangsregte met betrekking tot minderjarige kinders is altyd gelaai met emosie. Partye tot die geding is dikwels kwaad vir mekaar wat tot gevolg het dat hulle die teenkant met die volle krag van die reg en litigasie wil tref. Ongelukkig vuur uitgerekte litigasie emosies verder aan wat nie tot […]
IS YOUR WILL LEGAL AND VALID?
We spend most of our time building a financially safe and stable future for ourselves and our loved ones. Whether you are young and recently started a career, or middle-aged and at the top of your career, or maybe you have already paid your dues and now enjoy retired life, everyone has a unique ‘estate’ […]
“NEW”/”OLD” LEGAL PRINCIPLES REGARDING THE ACCRUAL SYSTEM
In two recent court decisions, in the Supreme Court of Appeals and the High Court, Western Cape respectively, important aspects regarding marriages out of community of property to which the accrual system applies, are considered. In the matter between ST v CT, the Supreme Court of Appeal confirms the distinction between the stipulated initial value […]
“NUWE”/”OU” REGSASPEK TEN OPSIGTE VAN DIE AANWASBEDELING
In twee onlangse hofbeslissings, in onderskeidelik die Hoogste Hof van Appèl en die Hoë Hof, Wes-Kaap, is belangrike aspekte ten opsigte van die huwelik buite gemeenskap van goed waarop die aanwasbedeling van toepassing is, oorweeg. In die aangeleentheid tussen ST v CT bevestig die Hoogste Hof van Appèl die onderskeid tussen die gestipuleerde aanvangswaarde van […]
Konstitusionele Hof gee erkenning aan langslewende gades in Moslem huwelike
In Suid-Afrika word sekere gevolge van die Moslemhuwelike, gesluit volgens die Islamitiese reg, deur regspraak en wetgewing erken. Die huwelik as instelling word nie erken nie hoofsaaklik as gevolg van die potensiële poligene aard daarvan. Die status van die Moslemvrou is ‘n bron van groot kommer vir diverse belangegroepe aangesien haar posisie in die Moslemhuwelik […]
Con Court recognizes surviving spouses in Muslim marriages
In South Africa, there is currently no legislation which recognises and regulates Muslim marriages. This lack of legal recognition for Muslim marriages solemnised under the doctrines of Islamic Law leaves spouses to these marriages vulnerable and without the protection and automatic rights otherwise afforded to those spouses who are marriages are legally recognised and officially […]
IS YOUR FIREARM LEGAL?
The Constitutional Court (“Con Court”) handed down a judgment last week in the case with the South African Hunters and Game Conservation Association (“the SAHGCA”) which dealt with firearm licenses. The appeal by the Minister of Safety and Security was upheld and the Supreme Court of Appeal’s ruling reversed. The result of the Con Court’s […]
IS U VUURWAPEN WETTIG?
Die Grondwetlike Hof het verlede week uitspraak gelewer in die hofsaak tussen die SA Jagters- en Wildbewaringsvereniging (”die SAJWV”) en die Minister van Veiligheid en Sekuriteit (“die Minister”) wat gehandel het oor vuurwapenlisensies. Die Minister se appèl is gehandhaaf en die oorspronklike Hooggeregshof uitspraak is omgekeer. Die gevolg van die uitspraak is dat vuurwapens waarvan […]
HUUR VAN EIENDOM? KEN JOU REGTE
Baie mense besit deesdae nie eiendom as gevolg van finansiële redes, deurdat hulle nie vir ‘n verband kwalifiseer nie of as gevolg van werk-verplasing wat dit onprakties maak om ‘n huis te koop. Die gevolg is dat meer en meer mense eiendom huur, wat dus ‘n kontrak tussen die verhuurder en die huurder tot gevolg […]
HANDLING OF SPEEDING FINES
In South Africa, as in most other countries in the world, speed restrictions are determined and regulated by legislation. It then remains the duty and responsibility of every driver of a motor vehicle to make himself / herself aware of what the speed limit is in the area where he / she is driving. If […]
CAR ACCIDENT: POLICE, CIVIL CLAIMS, INSURANCE
Often victims of a motor vehicle accident have a misconception about the different parties that play a role and perform specific functions post accident. Legal practitioners often hear statements such as “The police have already taken a statement from me” when an affidavit must be drawn up in a civil case arising from the same […]
What are the factors that cause delays in the administration of an estate and how can the process be expedited?
The average time it takes to wind up an estate is 6 months, but in extreme cases it may even take years to finalize. Factors that can cause delays: The absence of a valid will. The pressure of work overload experienced bylocal authorities which lead to delays in the issuing of municipal clearance figures. Outstanding […]
ESTATE PLANNING – A WAY TO REDUCE THE COST OF DEATH
Let’s be honest, estate planning and the drafting or revision of one’s last will and testament is a daunting task which forces us to think about our own mortality – a thought which we would rather avoid. However, the death of a loved one is a traumatic and emotionally turbulent burden for any family to […]
LIQUIDATION OR BUSINESS RESCUE?
In difficult economic and political circumstances, as currently experienced by SA, members of close corporations or directors of companies often find that the business of the CC or the company is no longer operating profitably. This is when the question about liquidation or business rescue is posed and consideration should be given to which is […]
Matrimonial Systems, the Law of Succession and Miscellaneous
Persons who are married in community of property often make the remark when drafting a will in terms of which they nominate the survivor as the sole heir/heiress of the estate of the first dying: “If he / she dies, I inherit everything”. Although it is true that the survivor gets everything, it is incorrect […]
THE SALE OF A DECEASED’S HOUSE
Nothing in life is guaranteed except death and taxes. In practice, it is common practice for us, at Rauch Gertenbach, to transport property under a contract of sale where one of the parties has died. Imagine a scenario where you have made an offer on your dream home and the owner has accepted it. Your […]
FREQUENTLY ASKED QUESTIONS ABOUT TRUSTS
Today Rauch Gertenbach will deal with frequently asked questions relating to Trusts: 1. Are there different types of Trusts? Yes, there are different types of trusts which consist of the following: Testamentary Trusts also called Mortis Causa trusts. Inter Vivos trusts which can be classified into Court Order -, Discretionary – and Charitable Trusts 2. […]
DOES YOUR BUSINESS HAVE A FEVER?
You may be missing some critical distress signals in your business that may put your business in intensive care or even worse, in the morgue! What symptoms do I look for and what remedies can be applied? The Companies Act no 71 of 2008 defines a Company that is in financial distress as follows: If […]
Did you miss a credit card payment?
Think twice before you ignore your mail. During the festive season people tend to go a little overboard with credit card spending and often choose to forget about the reality that they have to repay this money, with interest, at some point in the future. This trend of overspending is the cause of many people […]
What is Business Rescue?
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