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Estate Planning

Dit is nou duurder om dood te gaan

Boedelbeplanners en administrateurs moet kennis van die onlangse kosteverhogings neem. Meestersgelde, BTW, boedelbelastings- en skenkingsbelastingskoerse is verhoog. In die Minister van Finansies se onlangse 2018-begrotingstoespraak het hy die verhoging van BTW van 14% na 15% met ingang van 1 April 2018 aangekondig. Die meeste professionele eksekuteurs en trustees behoort geregistreerde BTW-betalers te wees. Eksekuteursfooie is …

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Retirement Fund Deductions: One door closes, another opens

According to the 2011 Budget Review, 1 March 2012 will see the introduction of a new dispensation for permissible deductions towards retirement funds. There is a clear twofold message behind these changes, particularly when read together with the taxation of lump sum benefits: – higher income earners will have to make additional provision for retirement …

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Estate Planning Essentials

The dangers of an unsigned will and intestate succession. A will is essentially a contract one enters into with the person one wishes to take charge of dealing with all one’s assets (and liabilities) after one dies.  A non-existent, unsigned or incorrectly signed will can cause practical problems and place surviving family members and dependants …

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Estate Planning Esentials – The farmer and his will

A farmer’s will often tries to accomplish the equal treatment of family members, yet the wording of a will often leads to unenforceable wishes and major liquidity shortfalls in the estate. Issues that need to be discussed in full with the farmer before the will is drafted are:  Read on…..

Estate Planning Essentials – Estate planning for farmers

Estate planning is specifically important where a family business is involved, especially when the family business is a farm. Certain practical issues are often not taken into consideration when dealing with the complexities of the estate of a farmer as a business owner. The following three-part series of Estate Planning Essentials will look at these …

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Estate Planning – Things you need to know when using the R3.5m abatement

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 …

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General mistakes planners make when drawing up a Will

In this issue we look at the drafting of Wills and some of the general mistakes people make – some of which can have serious practical implications. A badly drafted Will may cause delays in the winding up of the estate, in some cases even resulting in rifts among the beneficiaries. Read on