Estate Planning

"First ask yourself: What is the worst that can happen? Then prepare to accept it.
Then proceed to improve on the worst.

-"Dale Carnegie.


Are you aware of the impact Capital Gains Tax will have on your estate?

And this is just one of the expenses your estate will have to pay BEFORE your heirs receive anything!

Very few people have more than a vague idea of the actual size of their estates.

As the years pass, they build up their assets and provide for their families, but no proper arrangements are made to see that the right people benefit and that the family does not suffer financially, when something happens.

Our ESTATE PLANNING analysis addresses the cumulative effect of all the expenses due on your death.


The hidden costs of dying.

Even if no estate duty is levied, CGT - bond settlement - rates - death-bed costs - transfer costs - executor and administration fees - funeral costs and Master's fees are some costs that your estate must meet.

In addition, income tax - debts - overdrafts - credit cards - HP and lease - and security cession upgrading costs may arise - All before your heirs receive a cent!


HAS YOUR ESTATE ENOUGH MONEY TO MEET THESE COSTS?

Too often we confuse ESTATE PLANNING with death planning. But estate planning is about:

  • Living and enjoying the benefits of the wealth you are building up in your estate.
  • Knowing that you are protecting your wealth against inflation and ever changing taxes.
  • A carefree retirement.
  • Peace of mind, knowing that your heirs will, one day, derive the maximum benefit from your estate and that their inheritances will not be wasted on unnecessary taxes and administration expenses.

Effective Estate Planning requires an expert approach. Developing the best possible Estate Plan for you requires the right combination of experience, knowledge and innovation.


What should Estate Planning do for you?

In order to be truly effective in combating the vagaries of wealth erosion, your estate plan should:

  • Minimise estate duties and other taxes.
  • Provide IMMEDIATE and adequate income and capital for your dependants in the event of death or disability.
  • Allow sufficient liquidity to cover unforeseen costs.
  • Be flexible enough to adapt to changes in the legal environment.
  • Adapt easily to any changes in your personal circumstances.
  • Offer secure protection of your assets against insolvency.
  • Facilitate the easy administration of your estate.

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