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The Davis Tax Committee has been established to look at the South African tax system and how it could be improved to benefit both government and the general public.
Unless you are familiar with fiduciary terms, many of the roles and responsibilities of the different people involved in the effective carrying out of a Will can be confusing.
Preparing a will is often something we avoid. We don’t want to dwell on our mortality, but estate planning is a vital part of a good financial plan. And, once you have spent time and effort in crafting a valid will, it’s easy to amend it as your circumstances change.
There is sometimes confusion as to what will actually constitute your estate after your death, for the purposes of Estate Duty. How estate duty is calculated (and on what amount), and how quickly after your death must this tax be settled are questions that often cause uncertainty.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?