Tag Archivesestate planning

Hilary Dudley1

Where there’s a Will……

My late father used to recount the proverb “Where there’s a will…” not with the time-worn ending “there’s a way” but with the more jaded version “there’s a fight”. (more…)

Read full story
Sanlam Private Wealth on financial education and inherited money

The lack of financial education could cost a fortune

While it used to take two generations to lose a fortune, now it takes just one. This is according to a PwC 2016 Billionaires Insights report that showed that globally, 70% of inheritances are squandered in under five years.  (more…)

Read full story
Testamentary trusts for protection of inheritance

Protect your heir’s interests with a testamentary trust

A paragraph or two in your will is not always enough to ensure your wishes are fulfilled after you’ve died. To protect the inheritance and financial wellbeing of your child or spouse, you might need to consider a testamentary trust.  (more…)

Read full story
David-Knott-of-Private-Client-Trust-explains-why-a-will-needs-to-be-assessed-frequently

Estate planning and divorce

David Knott of Private Client Trust, (the fiduciary services division of Private Client Holdings), and a member of the Fiduciary Institute of South Africa, explains why divorce has a significant impact on estate planning (more…)

Read full story
estate planning

Understanding your Estate, Estate Duty and taxes

There is sometimes confusion as to what will actually constitute your estate for Estate Duty purposes after your death. How and on what amount will Estate Duty be calculated and how quickly after your death must this tax on capital be settled? David Knott of Private Client Trust, the fiduciary services division of Private Client […]

Read full story
role-of-executor-f

The role of an executor

Most people understand the importance of a will, but many people overlook a very important element; the appointment of an executor. An executor is someone who you nominate to carry out the instructions of your will and help to handle your estate. Kobus van Schalkwyk, Head of Legal at Standard Trust Limited says, “Even if […]

Read full story
personal-finance-tipsf

Personal finances and death: Top tips to do before you die

As anyone has had to wrap up an estate will know, the experience often compounds the grief and the loss. It can drag on endlessly particularly if you aren’t clear about the contents of the estate or if no will was left. What should you and your loved ones have in order before death? Judy […]

Read full story
trust

Am I obliged to leave my estate to my family?

In many countries around the world there are forced heirship laws in place which have evolved over many years of custom before eventually being legislated into law. South Africa has no similar legislation forcing one to leave all, or portion of your estate to any designated group. In theory therefore, one is free to bequeath […]

Read full story