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Should your heirs have full, unrestricted control over your living annuity when you die?
Many young South Africans believe that financial protection is something you only need once you have children or other dependents. If nobody relies on you financially, the thinking goes, there is little worth protecting.
As more South Africans build wealth internationally through offshore investments, foreign property and global business interests, estate planning becomes increasingly complex.
It is not often that an estate I have administered, and where necessary defended in my capacity as executor, finds its way into reported case law. I am grateful this one did.