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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.

When it comes to your wealth, protecting the interests of you and your family, require specialist advice.

Complexities linked to trusts, estates and the associated tax can have a significant impact on your wealth. To ensure you make the most of your money during your lifetime and that you leave the legacy you intended after your death, requires careful structuring. At MyPlan, structuring your wealth is an essential part of our wealth advisory process. We pay close attention to developments in industry regulations and changes in legislation so you don’t have to. We focus on how these affect your wealth to ensure that you continue making the most of your money.

WE WILL HELP YOU

  • Ensure an efficient distribution of assets to your beneficiaries in terms of your wishes
  • Provide for and protect any minor beneficiaries and dependents
  • Manage the liquidity needs of your estate
  • Manage and plan for costs and tax on your estate
  • Cater for your unique circumstances
  • Provide flexibility for future changes

Our comprehensive review will consider your existing will, trust and other wealth structures (such as investment(s) or property holding company(ies).

Using companies and close corporations, trusts and investment structures to house wealth efficiently.

We understand and apply our legislative expertise to plan for various taxes relevant to estate planning, such as donations tax, capital gains tax and estate duty.

We understand and apply our legislative expertise to plan for various taxes relevant to estate planning, such as donations tax, capital gains tax and estate duty.

We help you define to whom, when and how you wish to transfer your assets and interests.

RESOURCES

  • 5

    Jul 2021

    5.4 min read|
  • 27

    Jun 2021

    9.3 min read|
  • 3

    May 2021

    10.6 min read|

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