Estate Duty is calculated at 20% of the value of all your assets (including most insurance policies) over R3 500 000-00. Capital Gains Tax is also payable on your assets.
In too many instances, assets have to be sold to realise the cash to pay taxes. Proper planning and structuring of your estate (assets) can reduce your family's exposure to Estate Duty and Capital Gains Tax, save them a fortune and ease their financial burden.
Winding Up your estate needs to be effected quickly and professionally and preferably by someone you and your family are familiar with and trusts. Eroshini Baldav and John Batchelor are ready and able to assist.