Charmaine Lötter, Senior Legal Advisor at Whitfield Fintax and FISA member, writes that death and taxes may both be certainties, but the size of the tax bill your family eventually faces is not.
It is shaped by decisions made – or postponed – while you’re alive: how your will is drafted, how your assets are structured, who your nominated beneficiaries are, and whether your estate has the liquidity to cover its own costs.
Working with a fiduciary practitioner who is a FISA member, alongside your accountant and financial adviser, helps to ensure these pieces are planned for together, so that when you pass away, your estate settles efficiently and your family keeps as much of what you’ve built as possible.