Wealth Planning

Trusts and Estate Planning
Where the possibility exists that estate duty may be payable at your death, it is important to do proper estate planning. Firstly make sure that you lessen the tax through proper planning of your estate. Ensure that there is sufficient cash to pay this tax, otherwise it may lead to the forced sale of estate assets.
Trusts remain a very useful estate planning tool, if set up and managed properly. The unique feature of a trust is the separation of legal and beneficial ownership. This means that different legal persons hold the legal obligation to manage assets to those who are entitled to benefit from the assets. It is this unique feature that many financial intermediaries and their clients overlook, but which gives rise to the benefits that can facilitate a client’s estate planning and succession wishes.