National Wills Week 2019, takes place from today (the 16th) until 20 September.
In a recent article, Eric Jordaan from Crue Invest (Pty) Ltd shared some sound advice for both you and your client.
According to Jordaan the following questions should be considered:
- What would the estate duty implications be in your estate?
- What capital gains tax (CGT) would your estate have to pay?
- Would there be enough liquidity to pay the different costs that would arise?
- Would your loved ones have enough money in cash to keep going until your estate is wound up?
- Would your spouse and children receive what you had intended them to receive?
- Is there any ambiguity in your will that could lead to confusion regarding a specific bequest?
- Who would be responsible for managing the winding up of your estate and do you trust them implicitly?
- Where is your will, and do your loved ones know about it?
The primary goal of any estate plan is to protect a person’s wealth while they are still alive, and to ensure that the maximum amount of their wealth can be transferred to their beneficiaries after they pass away.
Contact your client during National Wills Week and assist them to leave a legacy, rather than massive headache.
Click here to read Jordaan’s article.
