Francois Vorster’s Post

Are you aware that inheriting property from relatives involves a line of succession? Initially, it must be transferred from your grandfather to your father, and then to you. However, it's crucial to adhere to this succession line, which includes associated costs and taxes. You can not skip a step or a transfer. #shorts #content #legal #legalcontent #property #propertycontent #tips #legaltips #realestatetips #wealthtips #propertytransfers #propertyissues #propertylaw #inheritingproperty

I struggle with generosity. I always find a reason NOT TO BE generous. Hendri shares some practical tips on how to be more generous in your daily life. It can be so simple and easy. Listen here.... Full conversation in the comments.

A prime example underscores the critical importance of keeping your will and policies current and regularly reviewing them with your spouse, family, attorney, or financial planner. Time has a tendency to slip away faster than we realize, and what we once considered as tasks to be addressed later can unexpectedly evolve into crises when left unattended. #shorts #content #legal #legalcontent #property #propertycontent #tips #legaltips #realestatetips #wealthtips #lawstories #realpeople #willandtestament #estateplanning

Operating an AirBNB?! Here is some solid thoughts and advise from Hendri on that. Use the tools available to you! Full conversation linked in the comments.

When transferring property between relatives, you might assume it's simpler, but in reality, the same process applies as it does for everyone else. This means the same taxes and other costs are involved. Even if you consider giving the property directly, it's not that straightforward either. A different set of taxes and costs apply since the transaction is viewed as a donation. Ultimately, it's worthwhile to sit down with your attorney or financial planner and discuss these matters in advance to anticipate future implications. Proper planning and consideration in advance can save so many headaches in the future. #shorts #content #legal #legalcontent #property #propertycontent #tips #legaltips #realestatetips #wealthtips #lineofsuccession #propertytransfer #transferattorney

Not all people are Landlords. Be very sure you are up for it before you buy rental property. Full discussion in comments

If you're curious about what a Liquidation and Distribution Account (L&D) is, rest assured you're not alone. You're likely not the first, nor will you be the last, to inquire about it. Let's delve into what it is and its purpose. When administering a deceased estate a full account must be drawn up of all the assets and liabilities of the estate. It contains property, cash, expenses, etc. It makes provision for everything that must be wrapped up, sold, paid, etc. At the end, it must indicate how everything will be distributed to the heirs. This document is the L&D. #shorts #content #legal #legalcontent #property #propertycontent #tips #legaltips #realestatetips #wealthtips #executingawill #lastwillandtestament #estateplanning #practicallaw

Everyone should have a dream for their business. What is Hendri's dream trailer rental location?! His answer might surprise you. Full video in the comments.

How do you make money with property? Learn the different income streams attached to it. Full discussion in the comments.

Contrary to popular belief the costs don't stop once your bond is paid off at the bank. That bond needs to be canceled against your name and you need to obtain the title deed to your property both involve the services of yet another particular type of attorney called a bond cancelation attorney. Understandably, they charge a fee because the process involves more than simply sending an email or opting out. It requires considerable effort to ensure all aspects are properly concluded. #shorts #content #legal #legalcontent #property #propertycontent #tips #legaltips #realestatetips #wealthtips #propertycosts #titledeed #practicallaw