Estate planning is a critical process that should not be ignored.
A well-crafted estate plan can bring peace of mind to you and your loved ones by providing clear instructions for the execution of your estate.
What is in an estate plan?
An estate plan has several key components, allowing you to organise and manage your assets to ensure that everything is in order in the event of your passing. These include a draft of your will, outlining your assets, beneficiaries, and any arrangements for your minor children.
Additionally, the planning will involve building and maintaining trusts to easily manage assets, minimise tax liabilities, and provide for beneficiaries.
General administration is also necessary to ensure your planning process runs smoothly.
Do you need estate planning services?
Find out if you are prepared when it comes to your assets:
- Do you understand your current estate plan?
- Have you planned for your family’s financial future or set up a trust for their inheritance?
- Does your will name a guardian for your minor children?
- Are you aware of how much executor’s remuneration your estate will incur?
- Do you know if your estate will have enough cash to settle its liabilities?
- Are you taking advantage of the R3 500 000 discount for estate duty purposes?
If you answered “no” to any of these questions, it is time to give us a call.
How can we help?
Enslins recognises the importance of an estate plan in case of an emergency. With our expertise in accounting, tax planning, and other professional services, we aim to make this process as simple as possible. Our goal is to answer the most important of these questions in a one-page summary of your estate.
Enslins Auditors is here to offer guidance on creating a will, building trusts, and handling the general administration. We can also assist with tax planning, ensuring that tax liabilities are minimised to protect your assets and beneficiaries.
Our team of experts can help provide the answers to the above key questions in a way that will streamline your estate planning process.
Contact your nearest Enslins firm to find out more and how we can assist you in this process.