In this article on the ASISA-supported media portal, Smart about Money, Showkat Mukadam writes about the costs involved in winding up an estate and what the loved ones left behind need to know about aspects such as liquidity in the estate.
Professionals involved in winding up estates often refer to the need for a “war chest” to be made available to meet death costs. If you understand the costs upfront, you can effectively plan and manage your own estate, ultimately facilitating a smoother and more efficient process for the benefit of those who survive you.
Read here.
Showkat is a CA(SA), Chartered Accountant, Founding Director of Legacy Fiduciary Services and Estate Planners and a member of FISA