Estate planning is not just for the wealthy—it’s a critical financial step for anyone with assets. Without a solid estate plan, your loved ones may face legal disputes, high taxes, and financial uncertainty after your passing.

Key Components of Estate Planning

✔ Creating a Will – A legally binding document that outlines how your assets should be distributed.
✔ Minimizing Estate Duties – Strategies to reduce tax liabilities on your estate.
✔ Setting Up Trusts – Providing financial security for dependents and future generations.
✔ Power of Attorney & Healthcare Directives – Ensuring financial and medical decisions are made according to your wishes if you become incapacitated.

The Financial Impact of Poor Estate Planning

South African law dictates that estates valued over R3.5 million are subject to estate duties:

20% tax on the first R30 million
25% on amounts above R30 million

Additionally, executor’s fees can reach 3.5% + VAT of the estate’s value. Proper estate planning can reduce these costs and ensure your beneficiaries receive their rightful inheritance.

At Tshepiso Advisory Services, we specialize in custom estate planning solutions to protect your legacy.