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When is the right time for estate planning? The When, the Where and the How

Updated: Feb 26, 2019


WHAT IS ESTATE PLANNING?

Estate planning is not your Last Will and Testament and it is not an insurance policy on your life.


Estate planning is the restructuring of your estate and assets by an attorney (normally in conjunction with an auditor) in a way to save you money and to put it simply, to sync your assets.


Let’s say you have a house, but you pay for the maintenance and upkeep thereof from your own pocket. Apart from stroking your ego, you gain nothing from it so your ego is expensive.

Estate planning is aimed at creating a separate entity (or more), with the sole purpose of managing your estate, and best of all, you are still in control.


A proper estate plan is as satisfying as being able to watch the same movie or listen to the same songs, anywhere in the world, on any device and which resumes exactly where you last paused it.


WHEN SHOULD YOU START WITH ESTATE PLANNING?


RIGHT NOW!


People tend to leave estate planning until they reach the end of their lives and then rush to their attorney, but then it is probably too late.


You should start with estate planning when your estate is small and then build your estate according to your estate plan. This way, you save lots and lots of money.


But even if you already have a substantial estate, it is never too early or too late to plan for the future. And you can still save lots of money (but not lots and lots this time).


WHAT YOU NEED TO DO:


Make a list of the following:


Annual Salary;


Annual additional income (rent, dividends, interest etc.)


Fixed properties you own with estimated value;


Investments you hold;


Monthly expenses.


Then you make an appointment with us in Pretoria, to sync your estate.

There is no one-size-fits-all approach to estate planning because various factors will influence the plan. After analysing your estate, we can draw up your tailor-made plan.


What we at Botha Bezuidenhout Attorneys Inc. aim to do, is to create a structure where you do business with yourself. Come and see how you can make a profit from yourself and then take that profit to make another profit that you can take.


WHAT WILL ALL THIS COST YOU?


Not a single cent. A proper estate plan will pay for itself through the money saved.


Okay, there are some initial costs, which depends on the value of your estate, but we can assure you that you cannot afford not to have an estate plan.


If you are not convinced yet, make an obligation free appointment with us and we will show you how you can save money by syncing your estate.



This is your open invitation to see how your assets can start working for you, instead of you working for them.

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13 Stamvrug Street

Val-De-Grace

Pretoria

Tel: 012 481 3557 / 8

Email: info@bblaw.co.za

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