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How to pay less interest on your business loan

How to pay less interest on your business loan

Saving interest is a top priority for finance deals. Every business owner wants to access working capital and bridging finance at the best interest rate. So, in this article we would like to show you how you can always pay less interest on your business loan. The key to saving interest is in the repayment period. At Premier Finance we...

Trusteeship

Trusteeship

When you draft your Will it’s important to consider whether part of your estate may be inherited by minors- such as your children or grandchildren. According to South African law, minors may not inherit directly. To ensure you protect their inheritance you can give instruction in your Will that a trust be set up for them when you pass away....

Executorship

Executorship

You Will is a vitally important document that outlines your final wishes when you pass away. When you draft your Will, you can nominate the executor of your choice for your estate. This is an important decision as the executor must be approved and appointed by the master of the high court. The executor is given full authority to administer...

Guardianship

Guardianship

Did you know that passing away without a valid Will in place can be devastating for your dependants? Your children’s inheritance could pass to the government’s guardian’s fund or to the appointed guardian rather than to a trust that will ensure your wishes for them are carried out. That means you would lose control over your children’s inheritance if you...

What information should be included in your Will?

What information should be included in your Will?

Your Last Will & Testament is one of the most important documents you will ever sign. Therefore, making sure you draft your Will properly & professionally ensures that you effectively plan for the unexpected and protect your loved ones from a disaster. What should your Will include? Who your beneficiaries will be. What items, assets, or amount of money each...

Who may sign as a witness on your Will?

Who may sign as a witness on your Will?

Your Last Will & Testament is an extremely important document. That’s why it is paramount to make sure it is signed and witnessed correctly so it will be accepted by the master of the high court. Who may witness your Will? Anyone over the age of 14 who is competent to appear in court as a witness may act as...

What are the requirements for a valid Will

What are the requirements for a valid Will

Nearly 75% of South Africans pass away without a valid Will in place. There are times when people draft or update their wills but they are deemed to be invalid by the courts and hence get rejected. This can be as disastrous as having no Will. For a Will to be valid in South Africa it has to adhere to...

How much does it cost to draft a Will?

How much does it cost to draft a Will?

Many people think that drafting a will is an expensive exercize. And they end up putting off getting it done because of their perceived costs. The costs can often vary vastly and depends on the complexity of your will and which service provider you choose. Anywhere from a few hundred rand to a several thousand rand. Some people try free...

What is a last Will & Testament

What is a last Will & Testament

A last Will & testament is a legal document that states what you want to have happen to your estate when you pass away. It outlines who should inherit what and how. Your estate is basically everything you own from your property to investments, your car, jewellery, clothes and furniture. Your Will also defines who should look after your children...

Bridging Finance Solutions

Bridging Finance Solutions

When clients delay their payments, it directly affects your business cash flow. If it is the 25th of the month and your bank balance is low and salaries are due. You will need a fast cash injection to keep your business liquid. Traditional channels like banks can take weeks for approval. Banks also do not offer unsecured loans to business...

Inheritance Taxes such as Estate Duty and Capital Gains Tax

Inheritance Taxes such as Estate Duty and Capital Gains Tax

Tax is unavoidable even at death. That is why understanding the various taxes that your estate could be liable for is an important part of estate planning. Estate duty is a tax charged on the transfer of assets from the deceased estate to their beneficiaries. If the deceased is a resident in South Africa, their worldwide assets will be subject...

Overheads payable on death, non-legal fees noted on the Liquidation and Distribution Account

Overheads payable on death, non-legal fees noted on the Liquidation and Distribution Account

We have been discussing the pitfalls you can experience without proper estate planning. In pitfall 2 we mentioned all the legal fees that will need to be covered by your estate or beneficiaries. Today we would like to tell you about other fees that will be due to wind up your estate. The additional fees include: 1. Master fees2. Clearance certificates...