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Boutiques Connect I Currency Partners I Inheritances and Estates


Learning: Knowledge

One of the pressing issues in the wealth management industry arises from the considerable number of South African estate beneficiaries residing abroad. Consequently, in instances of a deceased estate, funds are often transferred to beneficiaries located overseas. Navigating the intricate landscape of exchange control regulations during the coordination of these transfers adds an additional layer of complexity. Tania Mancini, from Currency Partners, sheds light on the intricacies involved in estate late transfers, particularly when offshore beneficiaries are involved.