Global Infinity Investments

10/05/2026

01/05/2024

Beautiful family home positioned near Schools and shopping center boasting: * Lounge * Separate dining room * Modern open plan kitchen including breakfast nook, granite counter tops, 5 plate gas hob with extractor fan, 2 eyelevel ovens, space for double fridge and connection points for washing machi...

01/05/2024

Situated in the heart of Sunward Park, close to top Schools, Shopping Centres and Netcare Hospital, this neat as a pin low-maintenance facebrick family home has so much to offer! 3 Sunny bedrooms, 2 modern bathrooms, sparkling pool as well as an inviting lapa and braai area for those lazy relaxing f...

01/05/2024

Q: Will I pay tax on my inheritance?

A: The answer is NO. There is no tax payable by a beneficiary on inheritance

There is a confusion between inheritance tax and Estate Duty. People believe that they will be taxed on their inheritance.

To clear the confusion you need to understand the difference between inheritance tax and Estate Duty.

Inheritance tax is when an individual benefits from an inheritance and needs to pay tax. In South Africa the beneficiary do not pay tax on his/her inheritance. .

Estate duty on the other hand is what the estate needs to pay before an inheritance can be paid out.

Estate Duty is calculated on the net value of the estate. Net value means the assets minus the liabilities. :

The first R3.5 million of the estate's net value is exempt from Estate Duty. Therefore there will be no Estate Duty if the estate's net value is below R3.5 million.

If the estate's net value exceeds R3.5 million, Estate Duty will be triggered.

16/04/2024

1. What happens if I die without a Will?

If you die without leaving a valid will, your estate will devolve according to the Intestate Succession Act, 1987 (Act 81 of 1987).

This means that your closest relatives will inherit from you. In other words you do not have any control of who will inherit from your estate.

2. What happens if I die without a Will and I have NO RELATIVES?

If you die without a Will and there is no-one that could inherit from you, the deceased estate will be forfeited to the State.

This means that the money in the deceased estate will be paid to the Guardians’ Fund. If no heirs come forward to claim the money within 30 years, the money is forfeited to the State.

3. Who will be the executor if you do not have a valid Will?

If you die without a valid Will, your intestate heirs will nominate a person to be appointed as the executor, however, the final decision still lies with the Master of the High Court.

This could lead to a delay in the administration process and additional cost, not to mention the frustration and hardship of your family.

4. What will happen to my children if I do not have a valid Will?

If you die without a valid Will, the other parent will be the legal guardian of the children. If both parents dies without a valid Will, your children could be placed in the care of someone they are not familiar with or with someone you do not trust.

Furthermore, if the child is still a minor, the inheritance will be paid into the Guardian's Fund.

5. What is the Guardian's Fund

The Guardian's Fund is established to protect and manage money on behalf of certain persons, such as minor children.

Follow us for more information on deceased estates.

16/04/2024

Your life can change in a split second. Be prepared!

Protect your legacy by contacting Global Infinity to help you draft your Last Will and Testament.

Don't wait until it is too late!