MANAGING ASSETS FOR LIFE & LEGACY
You’ve spent a lifetime creating your wealth. Ensure that it lives on, long after you’re gone.
Legacies are built across generations, connecting the past, present and future. An estate is more than a home. It is comprised of everything someone owns – essentially their net wealth, their property, car, money, investments, business interests, and their personal possessions. Wealth, as part of a legacy needs to be carefully managed and protected in order to be passed on.
WHAT IS ESTATE PLANNING?
Estate planning is the process of arranging and managing your assets during your lifetime so that when you die, your estate is transferred in accordance with your wishes. Planning your estate refers to crafting the documents and processes to be followed upon your death to ensure your loved ones are taken care of.
It’s generally misconceived that estate planning is simply about ‘making a Will’. A Will is only one component of a comprehensive estate plan. Matters such as your marriage contract/s, capital gains tax (CGT) and any income taxes you owe to SARS must be considered in your estate plan to ensure that the process of winding up the estate is smooth.