19/05/2026
The Purpose Of Estate Planning
Control who gets what
By deciding who gets what, you prevent disputes and confusion among heirs as well as those who feel entitled to an inheritance.
Protect your family
Through estate planning you can provide financial security to your spouse/partner, children or dependents. It allows you to appoint guardians for minor children and protect vulnerable beneficiaries (minors, disabled dependents).
Minimize costs and delays
With estate planning, you can reduce executor fees by, for instance, choosing specific investment vehicles which bypass the estate or changing nominated beneficiaries on a policy and so much more. By identifying issues early, you can prevent potential legal
costs and the administration delays going with it.
Provide liquidity
Whether you save on taxes and executor fees during your estate planning, there will always be costs, for example conveyancing costs, Master’s fee, executor fees, outstanding bonds, etc. It is best to know exactly what costs are involved and what is the bottom-line figure so that you can make provision for it.
Reduce taxes
Planning gives you the opportunity to legally minimize estate duty, capital gains tax and income tax. Some tools that will assist are a properly planned and drafted Will, trusts, beneficiary nominations and policies when used effectively.
Ensure smooth estate administration
Through your estate planning journey, you will identify most problem areas, and if you address these areas, you will prevent, or at least, minimize it. In doing so, you are avoiding unnecessary court involvement and delays, ensuring speedy payment to your
beneficiaries.
Provide structure
An estate plan provides structure. Your family knows exactly what to do and who to contact. This immediately reduces stress, conflict, confusion and financial hardship during a difficult time.
Properly drafted Will
The final product of an estate plan is a properly drafted Will. It ties all the strings together and is the mechanism used to play out what you have planned for. This may include the use of a testamentary trust, if necessary.
If you would like to set up a meeting, please give us a call or email us.
📞+27 12 543 1806
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