Non-residents inheriting money from South African estates
Key factors for non-residents inheriting money from South African estates: tax residency, emigration, and exchange control regulations.
Key factors for non-residents inheriting money from South African estates: tax residency, emigration, and exchange control regulations.
Because of US dollar strength, we hope that lower US inflation will feed into lower rates and therefore a less buoyant dollar.
Which is the crux of this article, because an estimated 70% of the South African working population do not have a valid will.
A will is one of the most neglected legal document. This is evident from the 70% of South Africa’s working population that do not have a valid will in place.
The long-awaited relaxation of the rules relating to ‘loop structures’ has finally been announced and most SA residents may now invest in these structures.
What has, however, become more complicated is estate planning around both local and offshore assets for South African tax residents.
For more than 8 years now, Brenthurst Wealth has been advising a flexible global strategy invested across multiple geographies and asset classes.
If you have offshore assets – property or an investment portfolio – you may need an offshore will in addition to a South African will, for your local assets.