20 January 2017
In this edition we follow up on several themes that we raised in the previous edition. We give you an update on how the recent final Davis Tax Committee (DTC) Report on Estate Duty – if accepted by National Treasury and thereafter enacted into legislation – could affect your estate planning, your use of trusts and your will. We also update you on the Special Voluntary Disclosure Programme and why it is important to take advantage of this if you have any undisclosed offshore assets and income.
We are here to help you navigate all the regulatory and legislative changes that may affect your wealth, the financial future of your family and other dependants. Based on your priorities and needs, we provide personalised advice on structuring your estate, whether you should set up or retain a family trust, how to manage this on an ongoing basis and how best to document your wishes in a will. We also keep a close eye on evolving regulatory and legislative matters so that your plans can be adapted as necessary.
We hope you find these articles insightful – enjoy the read.
Wishing you all the very best for 2017.
Please contact us or speak to your wealth manager if you would like to know more about our services.Click on the links below to access the other articles in our Fiduciary Focus Newsletter:
Estate planning > read more
The purpose of an estate plan is to structure your wealth in an optimal way during and after your lifetime. To achieve this, it is important that your estate plan covers every aspect of your wealth. It is also important to review your estate plan regularly to ensure that it keeps pace with evolving tax proposals and meets your changing needs.
International > read more
If you have any undisclosed offshore assets or income you should take advantage of the Special Voluntary Disclosure Programme (SVDP). This article explains the disclosure period in greater detail.
Trusts > read more
Trusts have helped structure estates in the past and continue to do so. Consideration
should however be given to how the recommendations contained in the final DTC report may impact the taxation of your trust. Given these proposals, trusts are under the spotlight, to ensure that there is no tax abuse. If you have a family trust – you may need advice to ensure that it is future-proof.
Wills > read more
Your will is the golden thread to give effect to your wishes, and will give you peace of mind about how your wealth is structured. When there are any legal or regulatory changes on the horizon, it is very important to revisit your will. Our personalised professional service means we can advise you on all the aspects that you need to consider regarding a will.
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