The R3.5m abatement amount is a useful technique when structuring a client’s will but should not be used blindly, without due consideration.
Estate planning involves building a strategy and putting the underlying structures in place to assist with the accumulation, preservation and distribution of a client’s assets. Once the relevant structures have been established, implementation of the strategy takes place over time and is not a once-off event.
Then setting up the strategy it is necessary to take into account both the assets in the client’s estate as well as current legal and tax legislation. Read on