Estate Planning

Estate Planning

What are some key factors to keep in mind when it comes to tax benefits in an estate plan? Everyone’s circumstances are different, so you need to consider the facts of each individual estate plan. But there are some principles to follow in most cases: Use the Section 4q deduction. Under section 4(q) of the Estate Duty Act, no estate duty has to be paid on anything bequeathed (left) to a surviving spouse. It’s only when the spouse dies that estate duty would have to be paid. Of course, clients don’t have to leave everything to their spouse – some people might not want to do that – but do consider using this deduction in your estate planning.Use the R3.5 million general abatement to its maximum – for example, by bequeathing assets to the value of R3.5 million to a trust. This abatement can be deducted from the net value of the estate, which means only the balance is subject to estate duty.Structure life policies more efficiently. If If structured correctly, a “buy and sell policy” – where a business partner owns a policy on the client’s life (they can buy out the client’s shares in the business on the client’s death) – is free of estate duty. This helps to avoid estate duty on that life policy.Understand capital gains tax exemptions. There’s a R300 000 capital gains death tax exemption – the estate gets the first R300 000 of gains free of capital gains tax. There’s also an exemption of up to R2 million of capital gains tax on the primary residence. How do retirement planning and life insurance fit in to...
Liberty Advanced Global Equity T3 Portfolio

Liberty Advanced Global Equity T3 Portfolio

This is the right solution to speak about during the current uncertain economic times. This portfolio provides guaranteed minimum returns if the markets go up and ensures protection of initial portfolio allocation, should the markets go down.  This limited offer is available from Monday 7th of October until Friday 29th of November 2019  – don’t miss out.  Please find the brochure below. Download Brochure Should you require any more information , please contact your Ginsburg Financial...
Pre-retirement withdrawal from retirement funds

Pre-retirement withdrawal from retirement funds

Who qualifies for such a withdrawal?
• A member of a retirement annuity fund, pension preservation fund or provident preservation fund who has discontinued his/her contributions before his/her retirement date and where he/she has formally emigrated from South Africa, with such emigration having been recognised by the South African Reserve Bank for the purposes of exchange control;

Estate Planning

Estate Planning

When it comes to life insurance, it’s not so much about what’s in it for you but what’s in it for the people you love and who depend on you financially. Of course nobody likes to think about their own death but it is necessary if you’re going to put a plan in place that ensures the financial future of the people you leave behind.

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