Welcome to the Ginsburg Financial Services Blog site!

Mitzie is accredited with most Life Assurance Companies as well as Medical Schemes in SA to give advice on their products. She has been playing an important role in the industry for approximately 23 years and have received many awards for her time spent actively participating in the field.

Click on the links below to find out more about financial information, medical aid and keep up to date with what you need to do for your will and testaments.

Planning to be a parent?

With the spotlight on youth this month, you may be among those thinking about a visit from the stork. If so, here’s your financial to-do list.
Expectant parents and those planning a family may have started visualising their future bundle of joy. But while a new baby will capture your heart, it’ll also capture a fair portion of your family budget! Pregnancy and parenting involve many hidden costs, warns Danelle van Heerde, Head of Advice Processes and Tools at SPF.

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Trust in trusts can evaporate on divorce

Trusts are frequently used (and abused) by spouses as a vehicle into which they transfer their assets, using the trust for their own benefit and not for the benefit of third parties (the beneficiaries). There have been a number of court judgments where it was held that one of the factors a court may consider is when certain substantial assets were held in trust by one of the parties who used the trust as his/her “alter ego”.

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OPINION: Why Sars targets ‘connected persons’ in relation to a trust

The SA Revenue Service (Sars) attempts to limit the abuse of trusts as a means of tax evasion by individuals. Sars identifies persons and entities that are closely connected to the beneficiaries of the trust – especially where income and capital gains have been transferred to such persons and entities – since the beneficiaries are the parties who will directly benefit from all income and capital gains accrued in the trust.

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Ouers moet skoolgeld verseker – Liberty

Onderwys is so duur dat dit noodsaaklik is dat ouers dit ver­seker.
Henk Meintjes, hoof van ont­wikkeling van risikoprodukte van Liberty, het gister op die maatskappy se voorlegging van sy eisstatistieke vir 2017 in Braamfontein, Johannesburg, gesê relatief min mense verse­ker skoolgeld afsonderlik onder hul lewensdekking, en tog het Liberty in 2017 reeds meer as R6 miljoen regstreeks aan on­derwysinstellings betaal.

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Benefits of buying life insurance in your 20s

When you’re young or don’t have many family responsibilities, you’re likely to prioritise paying off student loans, buying a car, moving out of home and starting a career. At this stage, life cover is seldom top of mind. However, Product Actuary Petrie Marx points out why it’s always best to buy life insurance at a young age – the biggest advantage being lower premiums.

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Why cash can be the riskiest asset of all

Every investor would have heard of equity and listed property referred to as ‘risk assets’. They would also have seen a graph which shows the relative risk of different asset classes, with cash at the bottom as the ‘lowest risk’ and equity at the top as ‘highest risk’.

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