Trusts and its effect on your estate
There are three different types of Trusts that could have an impact on a deceased estate:-
Wills, Trusts & Estates
Caring for your assets - and the future
Establishing the best legal structure for your personal and business interests ensures that your future financial well being has been taken care of.
Establishing the best legal structure for your personal and business interests ensures that your future financial well being has been taken care of.
Our Wills, Trusts and Estates services ensure that your assets are protected during your lifetime, while planning ahead to prepare for your survivors after your death. We also advise you whenever new rules and legislation necessitate changes in your affairs.
Wills, Estate Planning and Estate Administration
None of us likes to think about death. But knowing that our dependants are as financially secure as possible does assure us that we’ve planned for the inevitable.
It’s also worth remembering that, with increased life expectancy, circumstances and family structures may change over time.
Effective estate planning need not be complicated, although arranging it as early as possible is always advisable. We can advise you on how to make your estate as tax efficient as possible.
As executor of your will, we undertake to settle your estate for your beneficiaries promptly and efficiently – with a sensitivity that befits such a difficult time for those left behind.
We have been looking after the last wishes of our clients for over 30 years - the majority of them coming through personal recommendations, or from beneficiaries themselves who have been so pleased with the service we have provided at such a difficult time.
With so many South Africans living overseas these days, it’s worth considering if anyone in your will may be residing outside South Africa at the time of your death as exchange control regulations can prolong the distribution of your estate significantly. Therefore, part of your estate planning should be to give consideration to overseas beneficiaries, who may be required to register as emigrants with the South African Reserve Bank.
Trusts
We can help you to set up a trust and administer it into the future. We are always available to assist you where changing legislation requires you to make amendments.
Money Market
Our Money Market service, established for over 30 years, administers clients’ funds on their behalf. We ensure that clients earn competitive rates on call or term deposits whilst still having transactional ability.
Information on the death of a family member
The administration of a deceased estate is a complex and lengthy process, and it is extremely important to try and streamline the process where possible.
Your Will and the requirements
It is imperative to have, not only a Will, but a valid Will, to provide peace of mind during your lifetime and, to ensure that your family are taken care of and allowed the time to grieve without the additional stress of concerning themselves with avoidable problems once you have passed on.
Basic process of the administration of a deceased
The administration of deceased estates has become a lot more complex than what it may have been 5 years ago.
Tax and its effect on deceased estates
When an individual dies, there are automatic tax implications that become applicable to that estate. In this article we will briefly discuss the most important of these tax effects with specific reference being made to Income tax, Capital Gains Tax and Estate Duty.
Considerations related to Estate Planning
After your death, your Will is the only valid and legally enforceable instruction left behind to express your wishes of how your estate should be divided and distributed to your beneficiaries. This means that the estate planning that should pre-empt the drafting of your Will and the actual drafting process, is extremely important to try and ensure that the administration of your estate runs as smoothly...
Contacts
Ronnie Buch Partner - Audit
Marc Edelberg Partner - Audit
