Wills

Any person of 16 years or older who owns assets and is mentally able to understand the results of his/her actions, should have a Will. If a person dies without a Will, it could lead to administration, tax and legal problems and possibly also lead to financial losses and family disputes, Edge can assist you to compile a Will which is suitable to your needs and situation.

A Will should comply with certain legal requirements to be valid. Your Will should stipulate how your assets should be divided, and nominate an executor and trustee to take care of the distribution of your assets and to handle the administration of any assets.

You will direct an executor to distribute everything that you have built up through the years, and your heirs can be directly disadvantaged if you don’t plan correctly. Estate duty, income tax, VAT and capital gains tax (CGT) can take a big chunk out of your estate if you are planning is wrong.

Estates

Just as you are unique, so too is your estate and your circumstances. Our estate administration process is supported by the expertise which recognizes that uniqueness. For your peace of mind, we do all we can to ensure that your estate is administered within the shortest time frame. The privacy of your needs is held in the highest regard and we are committed to effective administration as well as doing the job properly the first time, every time.

Contact us should you need any assistance or guidance when one of your family members has passed away.

The role of the executor

Estate administration is both complicated and potentially confusing. The executor pays an integral role in ensuring that the process is handled professionally and efficiently.

The executors functions may be summarized as:

  • Taking control of the assets which form part of the estate
  • Protecting and preserving the assets in the estate
  • Properly identifying the beneficiaries in the estate
  • Carrying out the legislative requirements regarding the administrative of an estate
  • Paying the debts and the administration of an estate
  • Attending to the estates income tax

*Proudly associated with Rob McWilliams Attorneys

Trusts

Types of Trusts

Testamentary trust

When a person draws up a Will, a clause is added for the protection of the interest of minors and other dependants who are not able to look after their own affairs. These types of trusts come into being only after the death of the testator.

The trust is administered by trustees appointed in terms of the Will, and is usually ended after a predetermined period or at a determined event like a minor turning 18 or the death of an income beneficiary.

Assets owned by the deceased may be moved to the trust, in terms of the Will. A testator appoints the trustees in his/her Will.

Living trust

Living trusts are ideal for pegging the value of your estate and are thus a superb medium to limit estate duty and to protect assets from generation to generation. A living or inter vivos trusts comes into being during the lifetime of a person by having a trust registered at the master of the high court and transferring assets into this trust.

Edge can assist you with this process.

Contact us for any assistance.

A little about us

At Edge, we do not underestimate the power of vision. We believe that one of our greatest achievements lies in the Quality of our Service. Our motto is "Keeping the end in mind", this does not only apply to our investment principles and future planning principles, but also to our principles regarding service, and what we can uniquely offer our clients.