Estate
Planning
Leave a lasting legacy for your loved ones that spans generations.
Death isn’t a pleasant topic to discuss but we must come to grips with the reality that it waits for us all. Losing someone you love is bad enough, but what no one wants on top of that is to have anxiety and stress about financial affairs that arise after one’s passing.
Clients are encouraged to make use of our planning services to first structure their assets correctly to reduce unnecessary taxes and ensure continuity in the event of disruption (due to ill health, disability, death, creditors) and to ensure the legacy of wealth for their loved ones.
Your financial legacy in a factual document provides you with peace of mind.
Affluence Capital is able to act as the Executor of your estate, and plan to expedite the process with at least a month. We endeavour to settle your estate within 9 – 12
Our estate planning services include:
- Living Estate Planning – establish the feasibility of your will, effectiveness of taxability of estate, addressing shortfalls or any possible scenario of your estate.
- Last Will and Testament – Ensure that your will is executable and your wishes can be fulfilled.
- Living Estate Administration – Annual revision of your estate plan ensures that information is up to date and in the event of your death, we can assist you family immediately without any delays. The winding up of your estate is thus expedited.
- Deceased Estate Settlements – Effective and accurate settlement of your estate within 9 – 12 months.
- Deceased Estate Executorships – We offer an Executorship to our clients that is trustworthy and of sound knowledge.
- Deceased Estate Agent Services – The Living Estate Plan, Wills and Estate Settlements services are provided to attorney and auditor practices.
FAQ’s
What is needed for a will to be valid?
There are numerous requirements, some of these include: testamentary capacity (where the person creating the will, known as the testator or testatrix, must have the mental capacity to understand the nature of the will). Testator must be of legal age (generally 18+). It must be signed correctly including signed by witnesses who are not beneficiaries of the will.
How much estate duty does one pay?
This depends on the amount of assets, debts and expenses in your estate, whether and how distributions are made to a spouse or family member, as well as where your assets are geographically located. The estate duty rate in South Africa is 20% for assets under R30m, and 25% for assets over R30m.
What is a living will?
A living will is a legal document that outlines your wishes for medical treatment in the event that you are unable to make decisions for yourself. It is also known as an “advance directive”. A living will can be used to specify whether or not you want to be kept alive with life-sustaining treatment, such as artificial respiration or feeding tubes. It can also be used to express your wishes for pain management and organ donation.