Estate planning is an essential exercise to ensure that administration expenses and the Receiver of Revenue does not place an impossible burden on family members after the death of a spouse or parent.
Financial complications can occur as a result of not having properly planned one’s affairs prior to death as this cannot be rectified afterwards.
Even the wealthiest can cause their families to suffer severe blows if the property that forms part of estates has not been properly identified and safeguarded by legal experts.
This, of course, also has unlimited benefits of saving tax and safeguarding one’s assets while alive and well.
Drafting of Wills
Correct and careful drafting of a last will and testament and professional estate planning is the solution Greyvensteins Inc. offer to ease the burdens and complexities of the liquidation and distribution process of deceased estates.
With our experience in property transactions we can ensure that all the available options are properly explained and that the most cost effective mechanisms are implemented.
Our experience in property transactions include transfers from deceased estates and it is for this reason that we can assure clients of a holistic approach pertaining to all of their assets when planning their affairs.
We also attend to the creation of inter vivos trusts (trusts registered while one is still alive) and the administration of trust assets.
This includes transfer of property to trusts and the most efficient ways of saving money when doing so.
In addition, we offer sound advice on the tax implications of trusts and other mechanisms available to taxpayers with regards to owning property.