Preserving your wealth: Investment strategies for estate planning

With the silent generation approaching their 80s and 90s and even the youngest baby boomers now reaching retirement age, one factor is set to change the global economy more than any other: inheritance.

When a person passes away, their estate generally includes all assets they owned at the time of their death. These assets are then distributed by the executor according to your will. As compensation for not running away with your money in the dead of night, the executor charges an executor fee. This fee is based on the value of your estate. Another significant cost is the estate duty. The estate duty, colloquially known as the death tax, is also based on the value of your estate.

Retirement funds are also a viable option to reduce estate duties and executor fees. ADVERTISEMENT CONTINUE READING BELOW Retirement funds such as retirement annuities , living annuities, and pension preservation funds allow the policyholder to nominate beneficiaries. Upon the passing of the policyholder, the funds in these retirement funds are passed directly to the nominated beneficiaries, with the notable exception of RAs.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Attacq inks R2.7bn deal with PIC for investment in Waterfall CityProperty group Attacq said on Thursday it has inked a R2.7 billion deal with the Government Employees Pension Fund (GEPF) that will see state pensioners take a 30% stake in a subsidiary which owns Waterfall City.
La source: Fin24 - 🏆 21. / 63 Lire la suite »

Navigating the investment fee landscapeExploring some real-life examples that illustrate the compound effect of some of the main fees involved in investing.
La source: Moneyweb - 🏆 5. / 77 Lire la suite »

US Dollar vs. gold: Which is a worthy investment in 2023 and beyond?Written by Nick Patel, CEO & Founder at Clinq.Gold and Bank of Bullion. The USD has been a golden standard of stable, long-term investment for many decades, if not centuries by business and the consumer worldwide. Yet, recent events, like the 2023 Fiscal Responsibility Act signed by Joe Biden to increase the debt ceiling and the […]
La source: htxtafrica - 🏆 42. / 51 Lire la suite »

SA’s foreign direct investment inflows rise to R53.8bn in Q2Up from inflows of R0.5bn in the first quarter, central bank data showed on Thursday.
La source: Moneyweb - 🏆 5. / 77 Lire la suite »

South Africa's foreign direct investment inflows rise to $2.8 bln in Q2South Africa recorded foreign direct investment inflows of 53.8 billion rand ($2.8 billion) in the second quarter of 2023, up from inflows of 0.5 billion rand in the first quarter, central bank data showed on Thursday.
La source: ReutersAfrica - 🏆 31. / 53 Lire la suite »