We offer advice on ways of reducing the payment of estate duty on your death. This is extremely important as by structuring your estate properly a great deal of estate duty can be saved for the benefit of your heirs.

The general rule is that, if you are ordinarily resident in South Africa at the time of your death, all one's assets, wherever they may be situated, form part of the total value of one's estate on which liability for estate duty will be determined. The nett value of one's estate is determined when certain deductions are made from the total value of all property included in the estate. The dutiable amount of one's estate is determined when the fixed deduction of R3 500 000.00 permitted is deducted from the nett value. Estate duty will be levied on the dutiable amount of your estate at the flat rate of 20%.

Herold Gie will offer advice on estate planning in order to reduce the payment of estate duty on your death for the benefit of your heirs.

We also specialise in the following areas:

» Wills» Administration of Estates» Trust Administration