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: Last will and testament
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
Your Last Will and Testament
Planning ahead can reduce stress for your family. Having documents organized — like your Will, policies, and personal details — makes this difficult time a little easier. How to Write a Will in South Africa: A Step-by-Step Guide Writing a will may feel daunting, but it’s a crucial step in ensuring your wishes are respected… Continue reading Your Last Will and Testament
