This document discusses will drafting and estate planning. It explains that without a will, your assets will be distributed according to intestacy laws rather than your preferences. It provides information about drafting a will, including costs of P2,500, appointing beneficiaries, and ensuring the will is properly signed and stored. It also discusses other estate planning tools like trusts, life insurance, and tax planning to protect assets for loved ones.

1. WILL DRAFTING
Protecting your Loved Ones

2. Should you pass away without leaving a valid Will, you die Intestate. That means you don’t have control over the
answers to these questions.
COSTS
Your initial discovery session is free of
charge, so that you can ask questions and
we can understand your needs.
Following that we will quote for our
services. As a guideline, our fee for
drafting a standard Will is just P2,500.
This includes full consultation, drafting,
signing ceremony, registration & storage:
 “You will receive peace of mind -
and the ability to protect your
family’s financial future”
BENEFICIARIES
Your Beneficiaries are those who you wish
to receive benefits, capital or income from
your Assets after your death.
 “It is especially important to make
provision for minor children or other
dependents in case you and your
Spouse pass away together”
A well written Will ensures your Estate is
distributed impartially and objectively -
avoiding any potential tension amongst
family members.
SIGNING CEREMONY & STORAGE
We provide Independent Witnesses who
identify you, witness your signature and sign
in your presence to ensure it is Valid and
Incontestable.
 SCI register your Will with the Master of
the Court, where it is stored for ultimate
safe keeping. You receive Court certified
copies for reference and storage
Your Will should be updated on important
events - the birth of a child, marriage, divorce,
death of a beneficiary or the acquisition of
new property or business interests.
Last Will & Testament
PROTECTING YOUR LOVED ONES
“ Leave a Legacy: the most important document that you’ll ever
draft is now simple to put in place... ”
YOUR WILL
Drafting a Will can be an efficient process,
but it requires an in-depth understanding
of your Assets, your Beneficiaries and
your Intentions.
 We seek first to understand your
position - then advise you on the
best course of action
Your first step is a discovery session with
a qualified financial planner, so that you
can ask questions and we can understand
your needs.
Q: Who decides what happens to your business, your property and your possessions after your death?
Q: Who should look after your children & other dependents (even your pets) if you died unexpectedly?
Q: Will you be buried or cremated? Who will direct your Funeral? Are you willing to donate organs?
Q: Are your wishes and views the same as those of your Spouse, Partner or your family members?
Q: How much Tax would your loved ones have to pay if you died tomorrow?
Q: Would all your dependents be provided for financially?

3. TRUSTS
 Inter-Vivos Trust - set up during your lifetime to
segregate, protect your assets and mitigate tax.
 Testamentary Trust - set up by your Will on
your death, to manage assets for minor children
or to protect your Legacy for future generations.
SIX STEP FINANCIAL PLANNING PROCESS
 We’ll introduce our ideas to you at a
complimentary, face-to-face discovery meeting.
 We’ll seek to understand where you are now
financially, and what you need to achieve in the
future.
 If you’re in a position to invest for your future,
we’ll gauge your appetite for risk, and counsel
you on the level of growth you should target.
 We’ll develop a financial plan for you - tailor
made for your goals.
 We’ll help you to build and diversify your
wealth - locally and internationally, and suggest
sensible options to grow it securely.
 We’ll be at hand to monitor your plans on an
ongoing basis, building a trusted relationship
that can last many years.
THE HISTORY OF SCI
Founded in 2002 as Southern Cross International,
SCI Group is headed by James Fern CFP®, a Certified
Financial Planning Professional.
Our 20 strong Botswana team hold a wide range of
experience and qualifications.
We provide high quality financial planning advice,
and give exceptional personal service.
PROFESSIONAL EXECUTORS
An Executor is the person or organisation you
choose to administer your Estate and carry out the
wishes in your Will.
Professional Executors have the necessary expertise
to deal with your Estate: your tax affairs, debts,
distributing property and managing investments.
 The costs of any Executor are regulated by
law, and are paid by your Estate. Their duty is
to follow your wishes.
TAX PLANNING
On death, the Government will seek to tax your
assets in several ways.
Botswana’s main ‘death duty’ is Capital Transfer Tax
- levied at 5% on amounts over P500,000.
Foreign governments may also tax overseas assets
on death – and may want to see a valid Will before
transfer is permitted.
 It is vital to have a plan to pay Taxes without
having to sell the assets that your
beneficiaries need the most
LIFE INSURANCE
It is important to protect your spouse & children
- and your business interests - with life insurance,
but many over-pay for their protection needs.
Your SCI Wealth Adviser will check:
 Family Protection Needs
 Mortgage or Loan Insurance
 Business & Shareholder Protection
 Key Person Insurance

4. FOR MORE INFORMATION
JAMES FERN CFP®
+267 318 0111
j.fern@scifinancial.com
SCI Group, 129 Kgale Court
Gaborone International Finance Park
PO Box 89AAH, Gaborone
Botswana
www.bdo.bw
PERSONAL ADVICE
This publication has been carefully prepared, but it has been written in
general terms and should be seen as containing broad statements only. This
publication should not be used or relied upon to cover specific situations and
you should not act, or refrain from acting, upon the information contained in
this publication without obtaining specific professional advice.
Please contact SCI Wealth to discuss these matters in the context of your
particular circumstances.
SCI Group, its partners, employees and agents do not accept or assume any responsibility or duty
of care in respect of any use of or reliance on this publication, and deny liability for any loss arising
from any action taken or not taken or decision made by anyone in reliance on this publication or any
part of it. Any use of this publication or reliance on it for any purpose or in any context is therefore at
your own risk, without any right of recourse against SCI Group or any of its subsidiaries partners,
employees or agents.
Copyright ©2020 SCI Wealth. All rights reserved. Published in Botswana.
THE SCI WEALTH DIFFERENCE
SCI Wealth specialise in helping people in Africa invest money, gain
control of their finances and grow their personal wealth.
We're independent, so we sit by your side - as advisers to guide you.
We can help you:
 Draft your Last Will & Testament
 Protect your Family & Business with life insurance
 Get a better interest return on your Savings
 Set up an Emergency Fund
 Diversify your Investment Assets
 Plan for your Children's University Education
 Protect your Assets with a Trust
 Set up an Investment Portfolio
 Reduce your Financial Risks
 Retire Successfully