My friend is a JURISTIC PERSON A juristic person, also known as a legal person or legal entity, is an entity that has the same legal rights and responsibilities as a natural person. Understanding the capabilities of a juristic person is especially important for business owners, property investors, and entrepreneurs. We have recently received a few concerns regarding the assets held in your trust and whether these will affect your estate administration costs. A trust is a legal entity that...
24 days agoΒ β’Β 1 min read
Why Estate Administration Is for Everyone 03 June 2025 Do you need assistance or advice on ESTATE ADMINISTRATION? I need assistance with administering an estate. NO! I want to know more about the administration process. Food for Thought One of the biggest misconceptions about estate administration is that it's only relevant to a small minority of people. Many believe they can avoid it, but the reality is that it always catches up to you. Whether you are dealing with the estate of a parent,...
about 1 month agoΒ β’Β 2 min read
21 May 2025 Testamentary Trust: Supporting Your Children Beyond the Grave Many parents ask the difficult question: βWhat will happen to my children if I pass away tomorrow?β The answer lies in the question itself: WILL. Your Will is your most important final instruction. It is your legal voice once you are no longer here. It ensures that your wishes are respected and, most importantly, that your children are protected and supported even in your absence. To continue supporting your children...
about 1 month agoΒ β’Β 1 min read
Hi Reader π You won't believe it, but all of us will die at some stage. Unfortunately none of us knows when that will happen. When you die, we need to know what must happen to your belongings, your assets. We need to know to whom it must go, who is entitled to it, to whom you promised it. The only way to do that is with a VALID will! If you die without a will, we MUST follow the Intestate Succession Act. It doesn't matter who was promised something, or who feels entitled. This Act has rules...
7 months agoΒ β’Β 1 min read
Hi Reader π This week's edition of Law in a Coffeeshop is Sponsored by BKD AUDITORS. (More on them at the end.) So, What happens to your Home Loan when you Die?! There are so many variables, but let's take a quick look at a 3 Common Misconceptions! Common Misconception 1: Your debt won't disappear when you die. It goes nowhere. Your creditors, and the bank, will want their money. Your deceased estate is now responsible for that debt - in this case for that home loan. Common Misconception 2:...
11 months agoΒ β’Β 1 min read
Hi Reader π This week's edition of Law in a Coffeeshop is Sponsored by BKD AUDITORS. (More on them at the end.) Lindo asked this question on my TikTok-channel: Hello sir, can you please explain what is different between a will and a trust? Which one is best between the two? There's a few principles that I always try to teach my kids that also holds true in answering this question: We don't always need to have a winner. It doesn't have to be about which one is the best between the 2. Not all...
11 months agoΒ β’Β 2 min read
Hi Reader π This week's edition of Law in a Coffeeshop is Sponsored by MORTGAGEMAX NORTH WEST. (More on them at the end.) π We've just hit a major milestone - episode 3 of my podcast is LIVE! ποΈβ¨ We've got some amazing estate agents in Potchefstroom! ππ₯ In this episode of The Francois Vorster Show I interview Juan Badenhorst, Engel & Volkers Potchefstroom. Juan is an entrepreneurial estate agent, now a licence partner at Engel & Volkers Potchefstroom, who has a unique approach to the property...
about 1 year agoΒ β’Β 1 min read
Hi Reader π This week's edition of Law in a Coffeeshop is Sponsored by BKD AUDITORS. (More on them at the end.) π« Did you know? π A sale agreement for property MAY NOT be signed with an electronic signature! π π Recently, an estate agent asked me to assist her with a dispute regarding a clause in a sale agreement for a property. When I received the contract, I noticed that the βinitialsβ and signatures on the agreement were made electronically. ποΈ It was not made by pen. It was not βwet ink.β...
about 1 year agoΒ β’Β 2 min read
Hi Reader π This week's edition of Law in a Coffeeshop is Sponsored by BKD AUDITORS. (More on them at the end.) Stop everything and read this BEFORE signing that estate agent mandate! Did you know an estate agent needs a mandate from you, the Seller/Owner, to sell your property? And there are serious rules and regulations attached to that mandate. Miss one, and your mandate could be invalidated! Hereβs a quick 101 on some of the must-haves for your mandate: It must be writing, not verbal! π...
about 1 year agoΒ β’Β 1 min read