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Estate Planning For The Business Owner

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Estate Planning, tyron foreman, sanlam, business, professionals, estate duty, interstate succession, executer fees, winding up, liquidity, gepf, south africa, cape town, bellville, insurance, wealth …

Estate Planning, tyron foreman, sanlam, business, professionals, estate duty, interstate succession, executer fees, winding up, liquidity, gepf, south africa, cape town, bellville, insurance, wealth protection, asset protection, trusts, life cover, bond cover, risk insurance, old mutual, liberty life, metropolitan, momentum, eugene coetzee, tyron, trusted, financial planning, adviser, advisor, golden acre, tyger waterfront,


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  • 1. Estate planning for the business owner
    Presentation by Tyron Foreman
    Financial Adviser
    021 945 2258 / 082 937 9644
    tyron.foreman@sanlam4u.co.za
    12/2007
  • 2. Agenda
    What is estate planning?
    How is estate planning done?
    When is estate planning done?
    Who must be involved in estate planning?
    Why estate planning?
  • 3. What is estate planning?
    Estate planning is …
    The continual planning of the accumulation (building up) of or creation of your assets, the utilisation thereof during your lifetime and the eventual distribution thereof during your lifetime or after your death, to give you and your family the best possible advantage in the long term
  • 4. Why estate planning?
    Protection of assets
    Minimisation of tax
    Income tax
    Estate duty
    Capital gains tax
    Value added tax
    Donations tax
    Transfer duty
  • 5. Why estate planning?
    Equitable inheritance
    Care of dependants
    Succession
  • 6. Who must be involved in estate planning?
    Business-owner
    Husband
    Children
    Heiress
    Capable advisers
  • 7. When is estate planning done?
    Continually
    Factors that necessitate continual reviewal:
    Legislation
    Economical/Political conditions
    Births/deaths/marriages/divorces
    Occupations of children/heiress
  • 8. How is estate planning done?
    Document all relevant information
    Assets
    Liabilities
    Income
    Expenditure
    Legal; structures
    Composition of family
    Wishes/Vision
  • 9. How is estate planning done?
    Analyse information
    Make recommendations
    Implement recommendations
    Review continually