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:...
9 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...
9 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...
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.) 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
Hi Reader π This week's edition of Law in a Coffeeshop is Sponsored by BKD AUDITORS. (More on them at the end.) Episode 2 of the Francois Vorster Show featured Jonathan Baron. We discussed many things property related. One of the specific points we discussed was the Solar Panel Rebate of the 2023/24 financial year. This rebate was scrapped after the Budget Speech in February 2024. We decided that we urgently had to discuss the implications of this on the general consumer. We recorded a short,...
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.) Ask Me Anything - Live I regularly get 100's of questions weekly on my social channels. I can't answer them all. It might be easier, better and more informative to address these questions together in live conversations. As such, I'm starting live A.M.A's - Ask Me Anything. During these sessions I'll answer some of the most pertinent questions and engage various topics on: 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.) Recently I got into a few interesting discussions on my TikTok-channel. People were up in arms when they learnt and realised that you have to pay to cancel your bond. When you have paid all the money you owe to the bank, the bond / home loan has to be cancelled at some point in time. That account will have to be paid by you, the owner. A few general comments made me realise that...
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 about the Solar Panel Rebate from SARS for the 2023/2024 tax year? Jonathan Baron and I discuss it at length in this clip of our Podcast episode: Harnessing the Solar Rebate: A South African Guide Click here to watch it! Click here to watch! We discuss the following, and more: When is it applicable? How much can you claim? Is it only for Solar Panels? What about...
about 1 year agoΒ β’Β 1 min read