Estate duty can take a big chunk out of what you leave behind for your loved ones. Luckily, there are several legal strategies you can use to reduce your estate duty liability and protect your legacy. 1. Use the Spousal Deduction 2. Make Use of the Annual Donations Exemption 3. Donate to Public Benefit Organizations… Continue reading How to Legally Reduce Estate Duty in South Africa
Tag: Estate
Your Estate Plan
Estate Planning Checklist Personal Information: Will and Testament: Trusts (if applicable): Beneficiary Designations: Financial Power of Attorney (POA): Healthcare Directive / Living Will: Asset Inventory: Debts and Liabilities: Insurance Policies: Digital Assets: Important Documents Storage: Regular Review: Final Checklist Reminder: Is everything signed and witnessed properly? Are all beneficiaries current? Do key people (executor, POA) know their… Continue reading Your Estate Plan
Life Cover – how much is enough??
During the 40 years as a financial advisor, this question was obviously discussed over and over again. Firstly, this is the starting point of a comprehensive financial plan, and it should be reviewed with your financial advisor. You need to be totally honest and divulge all your income and debt as follows: Step 1: Calculate… Continue reading Life Cover – how much is enough??
suletta 