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 Assets left to a surviving spouse are generally exempt from estate duty. Consider leaving assets to your… Continue reading How to Legally Reduce Estate Duty in South Africa
Tag: Estate
Your Estate Plan
Estate Planning Checklist Personal Information: Full legal name ID/passport number Address and contact details List of dependents (children, spouse, others) Will and Testament: Up-to-date, valid Will Named executor(s) Guardian(s) for minor children Specific asset distribution instructions Digital copy stored safely Physical signed copy stored safely Trusts (if applicable): Family Trust or Testamentary Trust set up… 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??
