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Please read the practical tips and the range of estate and tax planning updates in this edition

Firstly, under estate planning, we provide some practical tips to ensure that trustees understand your intention if you are a settlor/founder of a trust. You can also read why a letter of wishes is a useful guide for trustees. In our section about trusts, we explain why, with the end of the tax year fast approaching, this will signal the first date on which some taxpayers will experience the impact of section 7C of the Income Tax Act. Please read the impact of the latest legislation. In the wills section, we again provide some practical advice about the importance of having a valid, updated will.

Lastly, under our international section of this edition, we provide you with a summary of the updated proposed amendments to the 2017 Taxation Laws Amendment Bill (TLAB) and the 2017 Tax Administration Laws Amendment Bill (TALAB).

We invite you to contact your relationship manager or regional fiduciary specialist to get advice
While there are practical tips in this edition, you really should consider the impact of any changes to legislation or your circumstances holistically. Our fiduciary experts pay close attention to developments in industry regulations and changes in legislation to help ensure that your wealth is structured and protected appropriately. We understand that every individual’s needs, family situation, and risk profile are different, which is why personal advice forms the foundation of our fiduciary services.  

We hope you find these articles informative – enjoy the read.