Estate Duty Act 45 of 1955doi:Act 45 of 1955
Importantly, a notary public does not act as a lawyer or judge overseeing the legality of the deed or the conveyance in general. The regulations specifically provide that a “notary public has neither the duty nor the authority to investigate, ascertain, or attest to the lawfulness, propriety,...
but the case law addressing the duty to mitigate in the context of lease procurement – though limited – provides some examples of reasonable mitigation efforts. Lessors should consider whether it would be appropriate to re-advertise or seek new tenants, and should be prepared to justify the...
Considering estate and succession planning during your lifetime gives you the opportunity to structure your affairs in a flexible and tax-efficient way for the short and long term. You may be looking to provide for children or grandchildren without them having control too soon, preserve business ...
In 2012, Puerto Rico had passed two laws intended to make the island a “global investment destination.” Act 20 allows corporations that export services from the island to pay only 4 percent tax. Act 22 goes much further: It makes Puerto Rico the only place on U.S. soil where personal...
7.2 Is the seller under a duty of disclosure? What matters must be disclosed? In practice, the duty of disclosure is imposed indirectly through the real estate broker on the seller if a broker is engaged in a transaction. According to the Real Estate Broking Management Act and the “Mandator...
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7.2 Is the seller under a duty of disclosure? What matters must be disclosed? The seller must act in good faith without omitting any information that, if known by the buyer, would prevent the buyer from completing the transaction. The information duties may be violated both by act, in cases...
A buyer and seller are in an adversarial position, so there is no special legal relationship between them warranting a duty to keep negotiations private. I can see why a seller would be very upset to find out that the juicy details of negotiations are posted on the internet for the world ...
A trust establishes afiduciaryduty for its trustee who is legally responsible for making decisions in the best interests of thebeneficiariesidentified in the trust documents. Estate Taxes A decedent may owe state or federal estate taxes. Their estate will be responsible for filing an estate tax ret...