A Personal Will Cannot Run a Business
For many business owners, estate planning ends with a personal will. The house, vehicles, savings, and personal belongings are dealt with neatly, while the business is mentioned briefly, if at all. That creates a serious gap in your continuity plan. A business is not just another asset in an estate. Shares, directorships, signing powers, shareholder […]
The costs of deceased estates explained
An important function of an executor, the person who is appointed by the Master of the High Court to administer a deceased estate, is to account for the liabilities in the estate of the deceased. Keep in mind that only once the liabilities in the estate have been discharged can the heirs receive their inheritances. […]