n Personal Finance Newsletter - Usufructs - a good idea that can backfire : estate planning
|Article Title||Usufructs - a good idea that can backfire : estate planning|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||Jun 2009|
|Pages||3 - 4|
A member of the congregation I serve as minister recently tried to pick my brain on a ''habitatio'' she was having difficulty trying to understand. Thinking at first she said ''haberdashery'', and about to tell her I knew nothing about sewing, I thought better of it and asked for clarification. All was revealed when she handed me a legal document headed ''Notarial Cession of Habitatio'', better known to tax practitioners and estate planners as a usufruct.
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