Estates and Wills www.ecsponentlimited.com

At the heart of an estate plan is determining what will happen to your property if you become incapacitated or when you pass away.

It identifies the people you want to benefit from your assets, and who you trust to take care of them and yourself if you’re unable to do so.

Your estate includes property such as cash and securities, real estate, insurance, trusts, annuities, business interests, and other assets.

In addition to determining where your property should go, your estate plan will include decisions about children or other beneficiaries, taxes, healthcare during life, and decisions to be made on your behalf during and after
life.

Estate administration

Estate administration takes longer and involves more work and skill than most people are aware of. It is important to appoint a credible and experienced executor or agent

Let’s get practical

All important estate planning documents should be kept in one place, where you, your family, the executor and/or trustees of your estate can readily find them.

The Master of the High Court will require your ORIGINAL LAST WILL AND TESTAMENT, together with a list of important documents.

Download our free Financial Life File Organiser to organise all the important documents you will need for your estate planning

Some important and well-known techniques that could be included in your estate planning:

  • Antenuptial and post-nuptial contracts
  • Inter-spouse donations
  • Family loans
  • Income splitting mechanisms
  • Inter vivos trusts
  • Testamentary trusts
  • Disability and life cover
  • Partnership agreement cover
  • Key man agreement cover
  • Offshore investments
  • Last will and testaments
  • Appointment of executors and trustees
  • Inflation-beating or inflation-saving mechanisms
  • Disability and life cover

Speak to a qualified financial advisor to learn more

Here are your 5 simple steps to a lasting legacy:

01. When to review your legacy plan and update your will

Changing circumstances may dictate the need to change your will or update your estate planning. Here are examples of life events when you may consider reviewing – and/or changing – yours.

02. Plan an effective Will

The heart of an estate plan is determining what will happen to your property if you become incapacitated or when you pass away.

03. Prepare to create/update your Will

Having a professional will prepared is an important part of your legacy planning. It is an important legal document that has a significant impact on how your family, or those dearest to and dependent on you, live after you die.

04. Other types of Wills

Understanding the differences between Living Wills and Offshore Wills is critically important to motivate the right decision for you and your family.

05. Using a Trust in planning your legacy

Inter Vivos or Testamentory Trusts – what are they and how do they influence the planning of your Will?

01. Time

01. When to review your legacy plan and update your will

Changing circumstances may dictate the need to change your will or update your estate planning. Here are examples of life events when you may consider reviewing – and/or changing – yours.

02. Plan

02. Plan an effective Will

The heart of an estate plan is determining what will happen to your property if you become incapacitated or when you pass away.

03. Prepare

03. Prepare to create/update your Will

Having a professional will prepared is an important part of your legacy planning. It is an important legal document that has a significant impact on how your family, or those dearest to and dependent on you, live after you die.

04. Types

04. Other types of Wills

Understanding the differences between Living Wills and Offshore Wills is critically important to motivate the right decision for you and your family.

05. Trusts

05. Using a Trust in planning your legacy

Inter Vivos or Testamentory Trusts – what are they and how do they influence the planning of your Will?

The Lasting Gift Guide to Estate and Financial Planning

The Lasting Gift Guide to Estate and Financial Planning is designed to help you understand the impact of what you leave behind, what you choose to give away, and all the complexities surrounding them.

Ecsponent Wills Guide