Jan L Jordaan – Page 5

Validity of Antenuptial Contracts

July 4, 2016 Jan L Jordaan Comments 0 Comment

One must be careful when drafting and signing an Antenuptial Contract. Aside from ensuring that the contents is all correct, one must also ensure that all the necessary provisions are contained therein to make the contract valid. The consequences of neglecting to do so may result in a marriage in community of property even though the parties had no intention of this at the time of their marriage. Attorneys are often trusted with the task of drafting an Antenuptial Contract….

Transfer of a property: Is VAT or transfer duty payable?

July 4, 2016 Jan L Jordaan Comments 0 Comment

A purchaser is responsible for payment of transfer cost when acquiring an immovable property, but it should further be established if the transaction is subject to the payment of VAT or transfer duty to SARS. When an immovable property is transferred, either VAT or transfer duty is payable. To determine whether VAT or transfer duty is payable one should look at the status of the seller and the type of transaction. VAT If the seller is registered for VAT (Vendor)…

Should I draft a will?

July 4, 2016 Jan L Jordaan Comments 0 Comment

A mother who has always wanted her daughter to inherit her diamond engagement ring may never get her wish if she dies without leaving a valid written will. The mother’s estate would then be distributed in terms of the Intestate Succession Act No. 81 of 1987. Taking the time to draft a will can leave you with the peace of mind that your assets will be distributed according to your wishes as far as possible. Your will should reflect exactly…