Estate Planning: What do I need to know?
Fri Aug 14, 12:00 - Fri Nov 27, 13:00
LPi Offices, Umhlanga Rocks
ABOUT
Join us in person or online for a casual and informative session where we'll break down everything necessary for a simple estate plan. Whether you're just starting or want to update your plan, this event has got you covered. Learn the key steps to protect your assets and ensure your wishes are followed. Come with questions and leave feeling confident about your future. Don’t miss out on this chance to get savvy with your estate!
Who should attend?
> Those who do not have a Last Will and Testmant, or who would like to review it.
> Those who have had a loved one pass away without a Will or well-structured Estate Plan, and would like to prepare adequately.
> Anyone who wants to make life easier for their loved ones in the future.
What to expect?
> Real-world stories and examples.
> A Q&A period to ask your most pressing questions - whether you think they're silly or not.
> The opportunity to have your Will drafted by a fiduciary specialist, at no cost to you.
> Insight into the costs involved in winding up *your* estate.
Important notes:
> This is a live event.
> Cameras are optional, but you're welcome to wear whatever you would like if you'd like to be seen.
> It is a joint in-person and online event, meaning that you can choose to be there in person or not.
If you've been wondering about getting this done, this is your opportunity to begin planning for your legacy.
THIS IS A HYBRID EVENT: To confirm your attendance PHYSICALLY OR VIRTUALLY, please complete the order form for your free ticket, AND contact Garath at 0725710023 or at [email protected].
WHAT IS ESTATE PLANNING AND WHY IT SHOULD BE IMPORTANT TO *YOU*.
Less than 30% of South Africans have a valid Will. Close to 5 millions single parents haven't nominated guardians for their children. More than 30% of adults have reported family conflict because a relative failed to plan their Estate correctly. Don't be that relative: Do the responsible thing and equip yourself with the knowledge you need to begin your Estate Planning journey with a trusted partner, today.
OPTIMAL FINANCIAL PLANNING PHILOSOPHY.
Why mention Financial Planning at all?
Like it or not, there are two truths that are common to every person in South Africa (and this is probably something you've heard before) :Death and Taxes. When we die, there are legal fees, among other costs, that are unavoidable BUT which can be planned for effectively before death. If you're hoping to leave something behind, don't leave it encumbered with debt and fees unprovided for. If you haven't factored this into your financial plan, start now!
WHAT DOES A WELL-CRAFTED ESTATE PLAN LOOK LIKE?
What does a well-crafted Estate Plan look like? What does it include, or not include? Have I thought about who my Executor will be? Have I considered the implications of offshore investments, or property in another country? Have I planned for my EasyEquities, Facebook, Instagram, and Crypto Wallet? Who has access to those passwords if I pass away tomorrow? Does my business keep running if I keel over tonight?
A good Estate Plan makes sure you have a Will in place. A great Estate Plan ensures your wishes can legally - and practically - be fulfilled.
WHAT ARE THE COSTS ASSOCIATED WITH WINDING UP AN AVERAGE ESTATE?
Back to Death and Taxes.
Like it or not, the costs begin accruing from the very time of death. Executor's Fees, Estate Duty, Property Transfer Costs...these are but a few of the fees within an estate. *There are more*.
And, lest your forget, we have to consider time as a resource as well. Going between the various institutions that require reports, statements, ledgers, lists, and documents takes its own toll. Don't be caught off guard!
PRACTICAL EXAMPLES (CASE STUDIES)
A few real-life examples that show the need for a Will, and the right advice.
INTRODUCING OUR FIDUCIARY PARTNER.
The number one Wills and Estates company in South Africa has helped wind up a huge amount of Estates - not all of them easy. That's why we've partnered with them to provide you not just with the advice, but the support to finalize your wishes as well.
Q&A
Come prepared with questions of your own, and feel free to jot down more as the session is conducted. We'll have 10 minutes at the end for what you'd like to ask. Remember: No question is a dumb question when it comes to making sure your family is taken care of when you're gone.