Estate and financial planning is not a once-off process and in most instances the scope of the planning will lie somewhere between the elementary and the comprehensive, depending on the size and the complexity of the planning that has to be done.
An estate and financial plan has to incorporate not only the needs and preferences of the estate owner, but also the existing law, tax legislation and economic factors. All these factors have a bearing on each subsequent step in the process.
The word indemnity means security or protection against a financial liability. It typically occurs in the form of a contractual agreement made between parties in which one party agrees to pay for losses or damages suffered by the other party.
In this two-hour webinar Dale Hutchison will explore the functions and significance of indemnity in contracts.
A warranty is a promise that a particular statement made is true at the date of the contract. A breach of warranty gives rise to a claim for breach of contract – the main remedy being an award of damages. A representation, like a warranty, is a statement of fact but is one which is made during contractual negotiations in order to induce another party to enter into a contract.
International arbitration is the preferred method of resolving cross-border disputes. The neutrality it offers, together with the relative ease of enforceability of awards, can make it a more attractive forum for disputes than litigating in contracting parties' national court.
South Africa is a party to the UN Convention on the Recognition and Enforcement of Foreign Arbitral Awards 1958 (the New York Convention). The International Arbitration Act provides for the recognition and enforcement of foreign arbitral awards as required by the New York Convention.
Mindfulness is about being fully present, embracing all our experiences, and most importantly, changing the relationship we have towards our suffering. Mindfulness training helps to grow our innate mindfulness capacity, which in turn helps to regulate our nervous system and improve our sense of well-being. Leading neuroscience shows that regular practice reduces stress and the inflammation it causes in our bodies, which can lead to illness. It helps build inner resilience, emotional stability, and our ability to cope with challenges.
Resilience is our bodies’ natural capacity to bounce back from difficulty. It takes a few minutes to learn to regulate our nervous system, and short resilience practices aimed at calming the nervous system, have been found to be very beneficial in managing stress and the uncertainty we face. Practising resilience skills also helps us in the long run to cultivate a sense of stability and clarity in terms of work and home life.
There are many quotes about the strength, power and potential of women, but perhaps one of the best comes from one of our own African leaders. Former President of Malawi Joyce Banda said, “The seeds of success in every nation on Earth are best planted in women and children”.