HARRY JOFFE: Leaving an inheritance is complicated when heirs live abroad
If your beneficiaries are living offshore you need to check whether they have formally emigrated
Increasingly, South African families are dispersed all over the world. When a family member dies in SA and the heirs are all offshore, there are some complexities you may need to navigate.
Consider this scenario. Mr A dies. He has a life insurance policy in SA. He has three children, all living abroad, who are the beneficiaries of the policy. What happens to the proceeds of the life policy?..