Estate Planning

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Cecil Kilpin | Setember 2021 Newsletter

By |2022-01-19T17:02:14+02:00Oct 7th, 2021|Business, Finance + Economics, Goverment, Newsletter, Tax|

Medium Term Budget Policy Statement (MTBPS) set for the 4th of November 2021 Newly appointed Minister of Finance, Mr Enoch Godongwana. Will table the MTBPS on the 4th of November at 14h00. The MTBPS sets out the policy framework for the Budget that is presented every February, updates National Treasury's economic forecasts, adjusts the budgets of government departments and makes emergency changes to spending. The minister faces a tough challenge to balance the books. South Africa was facing an uphill battle prior to the pandemic and has pretty much exhausted all avenues of emergency funding to help the man in the street survive. At the recent National Investment Dialogue, the Minister presented a speech titled “Investment Challenges and Opportunities [...]

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Cecil Kilpin | August 2021 Newsletter

By |2022-01-19T16:45:20+02:00Sep 13th, 2021|Business, Finance + Economics, Newsletter, Tax|

Revising Your Estate Plan While one should review their estate plan annually, here are some key events which should ring a bell for an estate planner to revise their estate plan: Divorce  The Wills Act states that except where expressly otherwise provided, a bequest to a divorced spouse will be deemed revoked if the testator dies within three months of the divorce. This provision is to allow a divorced person a period of three months to amend their Will, after the trauma of a divorce. Should he/she fail to amend their Will within three months after their divorce, the deemed revocation rule will fall away, and the divorced spouse will benefit as indicated in the Will In addition, review beneficiary nominations on [...]

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Cecil Kilpin | September 2019 Newsletter

By |2022-01-20T13:52:21+02:00Sep 18th, 2019|Business, Finance + Economics, Goverment, Newsletter|

Economic Policy Paper for Public Comment The Minister of Finance, Mr Tito Mboweni, is calling on members of the public to make comments on a paper titled: “Economic transformation, inclusive growth, and competitiveness: Towards an Economic Strategy for South Africa”. The paper, prepared by the National Treasury, is an attempt to translate the broad outcomes of inclusive growth, economic transformation, and competitiveness into specific programmes and draw on a range of domestic and international literature to support these policy priorities.   This paper considers the contribution of specific growth reforms that can achieve the outcomes of economic transformation, inclusive growth, and competitiveness. The paper draws on the National Development Plan to outline six themes and the contribution of growth reforms within each theme that prioritize economic transformation, inclusive growth, and competitiveness. The themes include: [...]

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Cecil Kilpin | September 2017 Newsletter

By |2022-01-21T11:06:48+02:00Sep 7th, 2017|Accounting, Business, Finance + Economics, Tax|

WHAT IS ESTATE PLANNING? “In the world, nothing can be said to be certain, except death and taxes” Benjamin Franklin So, with absolute certainty we know we can plan for this event! In today’s world planning for death is only part of this complex and dynamic process. Below is a brief outline of the estate planning process: An ‘estate’ comprises the assets and liabilities that an estate planner accumulates during their lifetime, and which they leave behind at their death ‘Estate planning’ has been defined as the process of creating and managing a program that is designed to: Preserve, increase and protect an estate planner’s assets during their lifetime; Ensure the most effective and beneficial distribution thereof to succeeding generations on death, and in accordance [...]

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