I own a property estimated at R2-million and have a number of queries regarding the arrangements for it in the event of my death.
Is it a legal requirement to transfer it into my wife’s name and, if so, how are the transfer duties calculated and what would they be on a property of this value?
Does the transaction have to be done by an attorney and what does that cost?
Finally, how soon after my death can the transfer take place?
See what the experts have to say.