ESTATE PLANNING

Knowledge Area: Retirement, Financial Security, Managing Wills and Bequests

This comprehensive and informative legal technical module, originally developed for Old Mutual, guides the user through the basics of estate management. It is strongly geared for Old Mutual employees and brokers, but is valuable for anyone involved in estate planning.

The module is ideal for educating employees as to how to manage their personal estates and what their legal rights and options are in that regard. Such a module can thus offer empowerment and peace of mind by interactively guiding the user through the legal implications of marital regimes, property in the estate, claims against the estate, the distribution of assets, Trusts and marketing opportunities. It is a must for financial planning.

Key Points

This module will help you:

• Describe the importance of marital regimes (including those according to African customary Law) in estate planning.
• Determine the assets of the testator for estate duty purposes and value them.
• Advise on estate duty consequences of life assurance products and assist in determining the expenses and liabilities of the estate at death.
• Complete a liquidity analysis.
• Explain the maintenance responsibility (and other responsibilities) created in a divorce order regarding maintenance.
• Outline the distribution of a client’s assets by way of a will.
• Explain fees payable for drawing up a will.

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