Archive for Estate Planning

LIQUIDITY – THE KEY COMPONENT

LIQUIDITY – THE KEY COMPONENT

By: JARED BRYCE-BORTHWICK One often hears the phrase, “The decisions you make today, may affect you for the rest of your life”. When it comes to estate planning, however, the decisions you make today don’t affect you directly, but they may certainly affect your family…

Continue reading →

SUCCESSION PLANNING FROM BEYOND THE GRAVE

SUCCESSION PLANNING FROM BEYOND THE GRAVE

By: STUART KANTOR IN TODAY’S instant gratification society, it is hard to justify forward thinking, let alone planning from beyond the grave. However, excuses aside, succession planning is important, for were it not for “old money”, there would be little progress as more poor souls…

Continue reading →

WHAT HAPPENS TO A TRUST WHEN YOU GET DIVORCED?

WHAT HAPPENS TO A TRUST WHEN YOU GET DIVORCED?

By: JEANETTE CLARK Where a trust becomes (or may become) embroiled in a divorce or separation, delicate issues can arise not only for the divorcing spouses or civil partners, but also for trustees. Trustees are likely to need specialist independent advice at the earliest stage,…

Continue reading →

SEVEN REASONS TO CONSIDER SETTING UP A TRUST

SEVEN REASONS TO CONSIDER SETTING UP A TRUST

By: CLIVE HILL Trusts are commonly used to ‘freeze’ the value of assets, so that when the person who transferred them to the trust dies, they won’t form part of their deceased estate. Usually, an owner will sell their assets to a trust. The amount…

Continue reading →

HOW TRUSTS ARE USED TO REDUCE ESTATE DUTY

HOW TRUSTS ARE USED TO REDUCE ESTATE DUTY

Most inter vivos trusts are established when the founder of the trust places an asset in the trust by “selling” the asset to the trust and granting the trust an interest-free loan. Inter vivos trusts are established by a living founder, while testamentary trusts come…

Continue reading →

WHERE THERE’S A WILL THERE’S A WAY FORWARD FOR THOSE YOU LOVE

WHERE THERE’S A WILL THERE’S A WAY FORWARD FOR THOSE YOU LOVE

A will is not the privilege of the wealthy; it is the right of all South Africans who want to plan their legacy while they are still alive. Anyone who has assets and who wants to reduce the emotional and administrative burden on their loved…

Continue reading →

AN ESTATE DUTY CONUNDRUM

AN ESTATE DUTY CONUNDRUM

How to pay the estate duty when the estate is likely to have insufficient cash  A common estate-planning technique to ensure that an estate has substantial fixed assets, but insufficient cash with which to pay all the estate duty due, is for the testator to…

Continue reading →

Paul Worrilow Authentic Jersey