Trust your better judgment when planning your estate Many people choose to structure their estates and businesses in trusts. While trusts have traditionally been perceived as a way for people to avoid paying tax, most are set up for other reasons, such as asset protection, family and estate planning and the protection of beneficiaries. At the recent series of meetings of the acsis/Personal Finance Financial Planning Club around the country, John Campbell, the director of Chartered Wealth Solutions and the 2008 Financial Planner of the Year, discu...
There are a number of advantages to placing your assets in a trust for estate planning purposes, Harry Joffe, the chief legal adviser of Discovery Life, told the recent Personal Finance/Discovery Life LifeFocus seminars. Joffe discussed these advantages as well as the tax and cost implications of establishing a trust.
Trusts can have an important role to play in estate planning and will affect your decision on how much risk and investment life assurance you require, Harry Joffe says.
The importance of a Will cannot be over emphasized. Of course, nobody wants to think about dying and it is just too easy to put off executing a Will. Your Will might be a very simple, straightforward document, in fact, in most cases, lengthy and complicated wording is unnecessary. This single document can have a profound effect on the well-being of those you care most about.
Tax Planning
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At the centre of personal financial planning lies tax planning, which runs like a golden thread through every aspect of our comprehensive financial planning offering.
Without proper tax planning, a financial plan is only half complete.
At Ikhwezi Marketing Services our financial planning specialists offer tax planning advice that incorporates all forms of taxation, including income tax planning, capital gains tax planning, estate duty planning and others to ensure tax efficient management of wealth. With the banking specialist support areas we can offer simple to extremely complex tax efficient wealth management solutions.
Our focus is to offer advice that will assist our clients to unleash their full financial potential by making the right decisions.
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