Benefits of early planning

The purpose of estate planning is to ensure that your heirs may reap, after your death, the benefits of your life-long toils.

When a person dies, all the assets and liabilities of the deceased, as at the date of death, form part of the estate. If this estate is not planned early and thoroughly, it may unnecessarily expose the estate to estate tax.

You should at all times try to minimise the potential estate taxes through the proper planning of your will, and also ensure that there is sufficient cash to cover this tax. If not, it may lead to a forced sale of assets.

The help of a professional estate planner is essential. You may contact your Sanlam adviser or broker in this regard.

Sanlam Trust has a nationwide network of advisers and brokers – experts, lawyers, auditors or intermediaries holding the FPI qualification. We recommend that you make use of their services for complex estates. Contact Sanlam Trust here.