Monthly Archives: September 2018

Risk Insurance Series: Risk Insurance

Risk Insurance covers very specific financial products that are aimed at providing an income or payout when certain life circumstances prevent us from earning our normal income or destroy our wealth. In this video, Ruark shares an overview to the following: Disability/Functional Impairment Insurance Critical Illness Insurance Life Insurance Income for dependents Debt considerations and…
Read more

Risk Insurance Series: Life Insurance

Life Insurance is possibly one of the most common forms of insurance specifically in the form of funeral cover - everyone seems to believe that they need funeral cover. We don't think this is necessarily the best approach. Ruark shares some tips and thoughts to work through before taking Life Insurance, or when reviewing your…
Read more

How to Reduce Estate Costs

Death can be an expensive affair and it is easy to underestimate the costs involved, especially as some unconsidered fees can quickly add up. As well as the funeral expenses, those left behind can be liable to pay mortgage bond cancellation costs, appraisement costs, Master’s Office fees, legal fees, costs of realisation of assets, bank…
Read more

Truths About Trusts

Did you know that a trust is not simply: a trust? There are many different classifications of trusts in South Africa, such as ownership trusts, bewind trusts and curatorship trusts. Trusts can either be created during a person’s lifetime, which is known as an inter vivos trust, or set up according to a person’s will…
Read more

Don’t Underestimate your Will Power

Avoid the heartache and headache! This year, National Wills Week is from 17th to 21st September, and is a time when participating attorneys in South Africa will draft basic wills for free. If you haven’t already written a will, this presents the perfect opportunity to do so before it’s too late. Writing a will could…
Read more

6 Estate Planning Tips

In the wake of the 2018 budget, there are recent changes that could affect your estate, especially with regards to paying VAT, Master’s fees and estate duty. Here’s a quick snapshot! The good news is that executor’s fees remain at 3.5% of your total assets, plus VAT. However, as you’re likely all too aware by…
Read more