WHAT WE DO
No one likes to think about their own death
which is why so many people do not revisit
their Wills, or worse still, fail to have one.
There is no upside to dying with an outdated Will or worse still, without a Will.
It can place a tremendous burden on those you leave behind and diminish your estate’s value unnecessarily.
Our lives are constantly changing and it is important to ensure your Will is updated in line with these changes.
Having an updated and valid Will allows you to decide on the beneficiaries of your estate and to nominate a trusted executor to carry out these wishes. It further allows you to appoint trustees and guardians to take care of your children. Ensuring your Will is kept up to date will further assist in easy administration, without family conflict and additional stress on your dependants and beneficiaries.
WHAT WE DO
No one likes to think about their own death which is why so many people do not revisit their Wills, or worse still, fail to have one.
There is no upside to dying with an outdated Will or worse still, without a Will. It can place a tremendous burden on those you leave behind and diminish your estate’s value unnecessarily. Our lives are constantly changing and it is important to ensure your Will is updated in line with these changes.
Having an updated and valid Will allows you to decide on the beneficiaries of your estate and to nominate a trusted executor to carry out these wishes. It further allows you to appoint trustees and guardians to take care of your children. Ensuring your Will is kept up to date will further assist in easy administration, without family conflict and additional stress on your dependants and beneficiaries.
Estate Planning
At the heart of Estate Planning is a properly drafted Will that dove tails with
your Trust Deeds (if relevant). To ensure that your wishes are carried out and that your
loved ones are protected after your death, it is essential that you have a legally
prepared Estate Plan looking at both your Will and Trust.
In consultation with your advisers, we take time to understand you and your
family dynamics so that there will be a smooth transfer of assets. If Trusts are
involved, it is important that they are kept up-to-date with current legislation
and given a once-over to confirm that they still reflect your intention.
The estate plan should be built around ensuring the orderly and
cost-effective distribution of your assets on your death.
Estate Planning
At the heart of Estate Planning is a properly drafted Will that dove tails with
your Trust Deeds (if relevant). To ensure that your wishes are carried out and that your loved ones are protected after your death, it is essential that you have a legally prepared Estate Plan looking at both your Will and Trust.
In consultation with your advisers, we take time to understand you and your
family dynamics so that there will be a smooth transfer of assets. If Trusts are involved, it is important that they are kept up-to-date with current legislation and given a once-over to confirm that they still reflect your intention.
The estate plan should be built around ensuring the orderly and cost-effective distribution of your assets on your death.
Drafting Of Wills
Your Will forms the framework for the implementation of your wishes in
the event of your death. A Will outlines how your dependents are taken
care of and how your financial affairs are dealt with. It is important that
your Will is drafted for this to be done in such a way that your loved ones
are not over-burdened with costs and taxes. A properly drafted
Will prevents potential conflicts between family members.
The primary considerations in deciding on the contents of your Will
should be the distribution of your estate in the manner you desire.
Secondary considerations include factors such as:
Estate duty | Quick and smooth administration of your estate
Protecting estate assets from creditors and maladministration.
Drafting Of Wills
Your Will forms the framework for the implementation of your wishes in the event of your death. A Will outlines how your dependents are taken care of and how your financial affairs are dealt with. It is important that your Will is drafted for this to be done in such a way that your loved ones are not over-burdened with costs and taxes. A properly drafted Will prevents potential conflicts between family members.
The primary considerations in deciding on the contents of your Will should be the distribution of your estate in the manner you desire.
Secondary considerations include factors such as: Estate duty | Quick and smooth administration of your estate Protecting estate assets from creditors and maladministration.
If there are Trust deeds it is important that they dove tail with your
Will to ensure an accurate reflection of your intentions.
There will be no opportunity to clear up ambiguities. Before finalising your Will, we will
discuss the practical implications of winding up your estate with you.
This includes:
• How much cash will the estate receive?
• Is this sufficient to deal with the tax, costs and distribution of
your estate in the way you intend?
• How do these wishes affect beneficiary nominations on policies
and retirement funds?
If there are Trust deeds it is important that they dove tail with your Will to ensure an accurate reflection of your intentions. There will be no opportunity to clear up ambiguities. Before finalising your Will, we will discuss the practical implications of winding up your estate with you.
This includes:
• How much cash will the estate receive?
• Is this sufficient to deal with the tax, costs and distribution of your estate in the way you intend?
• How do these wishes affect beneficiary nominations on policies and retirement funds?
Trusts
Trusts are an important consideration to a well-executed Estate or Succession
plan. Proper Trust governance and compliance both on the administration and
tax affairs of the Trust must be maintained. It is also important that existing
Trust deeds undergo health checks and are adapted to any changes in
legislation. The ultimate purpose of the Trust should be regularly evaluated
to ensure that it is still relevant to your Estate Planning needs.
At Mella Fiduciary we specialise in:
Health checks;
Attending to amendments if necessary;
Ongoing administration of the Trust.
Trusts
Trusts are an important consideration to a well-executed Estate or Succession plan. Proper Trust governance and compliance both on the administration and tax affairs of the Trust must be maintained. It is also important that existing Trust deeds undergo health checks and are adapted to any changes in legislation. The ultimate purpose of the Trust should be regularly evaluated to ensure that it is still relevant to your Estate Planning needs.
At Mella Fiduciary we specialise in:
Health checks; Attending to amendments if necessary; Ongoing administration of the Trust.
Administration of
Deceased Estates
Our role as executors or agents, ensures that the terms of your Will are
carried out by collecting the assets of the deceased, paying the estate’s
debts (including tax and estate duty) and distributing the estate to the
beneficiaries under the Will. An effective executor relieves administrative
pressure from the family and can prevent delays and stress.
Administration of
Deceased Estates
Our role as executors or agents, ensures that the terms of your Will are carried out by collecting the assets of the deceased, paying the estate’s debts (including tax and estate duty) and distributing the estate to the beneficiaries under the Will. An effective executor relieves administrative pressure from the family and can prevent delays and stress.