At Alim Akburally Attorneys and Conveyancers we offer you professional and experienced legal support when it comes to wills, trusts and estate planning. We know that this is a very important part of planning your future and we are ready to assist you every step of the way, providing you with solid and reliable legal advice.
The death of a family member is a very traumatic experience. Having to wrestle with legal issues arising from a deceased estate only adds to the pain and suffering; this is why having your affairs in order not only prevents a lengthy legal process but ensures that your family will be properly taken care of in the future.
We will advise you on tax efficient structures which will allow your loved ones to obtain the most benefits from your estate. Estate planning doesn't just deal with your personal effects; if you are involved in a business, we will make sure that your will provides for a smooth transition so that your business is not adversely affected in the event of your death. Our solid experience will give you the comfort of knowing that your family and business will be protected.
We provide the following services in terms of wills, trusts and estate planning:
A will forms the foundation of a successful estate plan. Your will expresses your wishes in terms of what should happen to your assets when you die; it is therefore very important to ensure that your will is current and valid, as well as properly signed.
Your will should always be valid and you must name an executor in your will. Banks will offer to draw up a will for you free of charge, on the condition that they are appointed as the executor. In the long run, this might cost you more, because banks can charge an executor’s fee that is a percentage of the estate, plus VAT, as well as other fees.
To avoid costly procedures, we offer estate planning services that is cost effective, efficient and with your best interests at heart. Our team will work with you to set up a will or Trust that will work with your unique needs and requirements, and make sure that your estate is handled properly and effectively.
In addition to drafting your will, we provide professional legal advice and make sure that the provisions of your will is linked to your overall estate planning requirements. We will advise you on the importance for separate wills for your off- and onshore assets, the efficient disposal of your particular business interests and the protection of possible inheritances for minors involved.
A trust is usually formed when property is transferred by one party to be held by another party, for the benefit of a third party. If used effectively, a trust can be a great tool when it comes to tax and estate planning, and it can save you money and protect your family as well. Alim Akburally Attorneys will create and register a trust based on your individual requirements and we will also ensure that trustees are able to manage the trust assets with flexibility and tax efficiency.
When it comes to successful estate planning, we deal with a few aspects: your personal assets, your trust assets, retirement fund benefits, and contractual agreements like life insurance policies. Estate planning must take into account all potential life events, good and bad, and be flexible enough to meet your changing needs.
Another important aspect to consider is estate duty; each person’s estate is entitled to an exemption from estate duty for assets up to R3.5 million. On assets that exceeds this amount, a 20 percent duty levied. There is a provision in legislation, where it states that if a person dies and have not used his or her portion of the exemption benefit that exemption rolls over to the surviving spouse. This means that the spouse will now be entitled to enjoy an exemption of R7 million on his or her death.
We provide personalised estate planning services that are designed to meet your unique needs and address all your concerns and objectives. Our team of highly qualified estate planning experts will ensure that everything fit together to produce the results you want. We aim to ensure that your goals of creating, preserving and transferring your wealth are met successfully.
We offer the following services to our clients: specialist estate planning, advice and guidance, administration of wills and estates, the formation of Trusts, drafting of wills, transfer of properties, financial advice and more. Our team is experienced when it comes to estate planning, making it one of our speciality areas.
Drafting a will can be a complicated matter. At Alim Akburally Attorneys and Conveyancers we specialise in wills, trusts and estate planning and we make sure that you leave an executable will, based on a proper estate plan, and this saves your loved ones the trauma of having to deal with a non-executable will.
Estate planning is essential to your family’s welfare. Let us help you to ensure that your family’s future is secure and protected with professional estate planning.
For more information on our superior wills, trusts and estate planning services, please contact us phone us directly at 031 304 0025.