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The Law Society of South Africa (LSSA) has published its most recent Conveyancing Fees Guidelines. These apply to instructions received as from 16 May 2022..
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The most basic definition of a will (“Last Will and Testament”) is that it is a formal, signed, written document, in which a testator voluntarily sets out his instructions in unambiguous terms as to how his assets are to devolve following his death.
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Conducting legal research can be tedious, monotonous and time-consuming, but performing timely and comprehensive legal research is critically important for lawyers. AI systems certainly aid lawyers by performing legal research on relevant case law and applicable statutes faster and more thoroughly than most lawyers may be able to do on their own.
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The LexisConvey Conveyancing Tables have been updated to reflect the recent changes to Deeds Office Fees and Conveyancing Fees Guidelines which came into effect on 16 May 2022.
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The most important reason for having a will is to ensure that the wishes and instructions of a testator regarding his estate are properly carried out after his death. Many of us will not leave behind complex or complicated estates, or even estates of high monetary value.
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Navigating through complex layers of legal data to provide legal answers can prove to be a difficult thing, however LexisNexis provides a solution.
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This fees guideline applies to instructions received as from 01 May 2023, and conveyancers must note that Conveyancing fees are negotiable as they are merely guidelines and not minimum or maximum fees.
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Far too many South Africans die every year without leaving a valid will, causing unhappiness, confusion and disputes among family members; and delays and extra costs for the deceased’s estate. LexisNexis therefore supports the Law Society of South Africa (LSSA)’s National Wills Week initiative, which will take place from 16 to 20 September 2019.
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The LexisConvey Conveyancing Tables have been updated to reflect changes to Transfer Duty, Deeds Office Fees, and Conveyancing Fee Guidelines, which came into effect on the 1st of March, April and May 2023 respectively.
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Before discussing the requirements of a valid will bear in mind that only someone who is sixteen years old or more and mentally capable of appreciating the nature and effect of his act at the time of making the will, is competent to do so (Section 4 of the Wills Act, 7 of 1953).