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One of the greatest acts of love you can show your vulnerable dependents is to ensure their well-being after you’re no longer there to care for them. People with special needs, dementia, or chronic illnesses, for example, require sensitive consideration when it comes to estate planning.
Business owners put blood, sweat and tears into making their companies successful and this entrepreneurial energy helps turn the wheels of our economy.
As the old adage so aptly proclaims, ‘In this life, only death and taxes are guaranteed.’. Unfortunately, the reality is that your financial obligations to the tax authorities persist even posthumously, as estate duty and other taxes are levied against your estate before any inheritance can be paid out to your heirs.
Recent developments have yielded new opportunities for South African trusts to distribute funds to offshore trusts, marking a significant shift in financial and estate planning strategies.
The strongest deterrent against FSP compliance missteps is or should be: