“…in this world nothing can be said to be certain, except death and taxes”
Benjamin Franklin, in 1789
Have you considered seeing a professional regarding your Estate Planning?
Estate Duty is levied at 20% on all property in your estate over the cumulative value of R 3 500 000.00. Unfortunately an estate is not only subject to Estate Duty, but also Capital Gains Tax on certain assets. This could have a negative effect on the liquidity of your estate.
Proper Estate Planning, done timeously, can limit the exposure of your estate to the legal minimum.
At Delport van den Berg Estate & Trust Services, we offer holistic Estate Planning solutions to ensure that your Assets are transferred to your loved ones in a stable and tax effective manner, thereby guarding your Legacy.
This article is a general information sheet and should not be used or relied on as legal or other professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your legal adviser for specific and detailed advice. Errors and omissions excepted (E&OE)