In this article on the ASISA-backed Smart About Money media portal, Renate Jute explains that inheritances for offshore heirs can be complex due to exchange controls, tax rules and administrative delays.
Proper planning – such as clear wills, correct beneficiary structuring and understanding residency status – helps ensure efficient transfers. Executors must finalise estates, settle taxes and comply with regulations before funds can be remitted abroad, often via South African accounts. Early preparation reduces delays and costs.
Renate notes that planning ahead simplifies the process, ensuring inheritances are transferred quickly, compliantly and in a tax-efficient manner, while minimising frustration for heirs living outside South Africa.
Read here.
Renate Jute is a CFP® FPSA® TEP®, FISA councillor and founder of Noble Prosperity Pty Ltd
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