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Agreed Patrick - just saw a sponsored article on Moneyweb this morning.
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For the guys with a IB account. I see you can actually deposit ZAR? Was that always an option? Wondering what the currency conversion would be - cannot find it on the IB site anywhere (so far..)
I did do some reading Willem. I started here: https://www.moneyweb.co.za/mymoney/moneyweb-tax/foreign-investing-how-do-i-navigate-wills-and-tax/
She basically claims that if you only have an offshore investment portfolio and no immovable assets you're okay with just a local will.
I've also previously seen that UCITS funds like the VWRD I own are estate duty free in Ireland, so that's another relief for me.
If you're still worried you could always have a joint account with survivorship rights in which case the account holdings transfer solely to your spouse on presentation of a birth certificate.
So in short, I'll only do a local will.
I was wondering the same. Just withdrew some cash in Madagascar and noticed it cost me more than I thought. Found wifi and saw actually the ATM was right and I was wrong
Hi Patrick, out of interest - have you done some research on this yet?quick q.. have you managed to sort out a will yet for this? As I understand you need a specific will covering this (ex-SA).I wasn't aware that this was the case, I'll have to do some research on it.
Good bye ABSA.. last funds scheduled to transfer out