Is a new wealth tax feasible in South Africa? Read the Davis Tax Committee’s view
Under estate planning, we discuss the recently published findings of the Davis Tax Committee’s final report on the feasibility of introducing a proposed new wealth tax in South Africa. The report proposes that several issues should be addressed before a new wealth tax can be implemented, including collating more comprehensive data on wealth ownership.
Practical tips to ensure your wealth is a benefit – not a burden – for your loved ones
Trusts can help you protect and grow wealth for your beneficiaries during and after your lifetime. In this edition under the trusts section, we explain the difference between an inter vivos and testamentary trust by highlighting the purpose and benefits of each type of trust. In the wills section, we look at what will happen to all your online accounts and other ‘digital assets’ when you die and provide practical tips to ease the burden on your loved ones.
We encourage you to take advantage of our expertise and advice
Everyone’s family situation and needs are different. This means the practical tips we provide in this edition may apply differently to your circumstances, and depending on any other wealth structures you already have in place. Expert personal advice is critical. We therefore encourage you to contact your relationship manager or regional fiduciary specialist to get advice about how best to structure and protect your wealth.
We hope you find these articles informative – enjoy the read.
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|Fiduciary Focus Specialist Team|
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