ESTATE PLANNING

PERSONAL ESTATE PLANNING

A holistically integrated estate planning strategy, preserves legacy by allocating sufficient layers of liquidity where required, via correctly structured solutions / funding mechanisms for dependents’ needs, and specific bequests,which ultimately creates certainty, clarity and control.

ESTATE LIQUIDITY
  • Estate Duty
  • Executors Fees
  • Tax (Capital Gains / Other)
  • Transfer Costs
  • Masters Fees
  • Outstanding Liabilities
  • Claims Against Estate
DEPENDENT’S NEEDS
  • Income / Capital
  • Specific Bequests
WILL
  • Validity / Enforceability
  • Local / Offshore

TRUST STRUCTURING

Trusts (local and offshore) could play a pivotal role within the estate planning process, as it could potentially provide certain levels of protection, tax benefits and control within the context of the estate. When used correctly, effective structuring could ensure that assets are preserved, beneficiaries’ needs are met, and long-term estate planning goals and efficiencies are achieved.

LEGISLATION

Trust regulation and legislation requires specific protocol to
be followed by trustees, that must be adhered to on a
regular basis to ensure compliance and effectiveness
relative to the desired trust outcomes.

DEED (Intent)

A comprehensive trust audit is beneficial to ensure validity
relative to current legislation considering desired trust
outcomes. This process aligns the “spirit” in which the deed
was drafted, with ever-changing legislation, to ultimately
ensure effectiveness.

INTERGENRATIONAL WEALTH TRANSFER

Incorporating trust structures into the estate planning
strategy could facilitate effective intergenerational wealth
transfer.

BUSINESS STRUCTURING

Incorporating business structures and agreements into the estate planning process is crucial. Agreements should be drafted in light of the holistic estate planning strategy, in order to ensure seamless integration and ultimate execution.

AGREEMENTS
  • Validity / Enforceability of Agreements;
  • Shareholders Agreement.
  • Memorandum Of Understanding (MOU)
  • Buy & Sell (Exit Strategy)
  • Contingent Liabilities (Surety)
IMPLICATIONS
  • Continuity
  • Exit Strategies (Funding / Estate / Tax Implications)
  • Contingent Liabilities (Liquidity provided)
  • Keyperson considerations
STRUCTURE
  • Valuation Methods / Updates
  • Local & Offshore