Independent on Saturday

Estate planning when beneficiaries live overseas

Whether you are a South African living overseas and are a beneficiary of a will, or are living in South Africa with family overseas who may benefit from your will, there are three scenarios in local exchange control for inheriting from a deceased estate.

Scenario 1: Bona fide

non-resident

The beneficiary is a bona fide non-resident, that is he/she was born overseas and has

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