Lauren and Jennifer get together for a deep dive into the ins and outs of how inheritance gets distributed. The process and complexity of foreigners inheriting South African assets are explored, specifically the differences in the process for those who are truly non-South African, versus inheritors with South African roots or who are temporarily living abroad.

The South African foreign allowance and tax exit processes are important factors to consider in relation to this, and we’ll take our audience through the important aspects of these during the session. We also cover what takes place when a South African is eligible to receive foreign inheritance from offshore. We discuss the various choices available to investors in all of these scenarios, recent changes to legislative processes, and things for advisers and their clients to look out for. We’ll cover a lot of practical examples to help to position this vital part of the estate planning process.

Learning outcomes:

• The rules relating to taking money offshore, specifically the foreign allowance limits and processes
• A brief overview of the South tax exit process
• The process for South Africans inheriting assets from offshore
• The process for foreigners inheriting South African assets, and the differences in the process for those who are truly non-South African, versus inheritors with South African roots or who are temporarily living abroad
• Review of practical examples