In this episode of Beyond Succession , we delve into the world of retirement annuities (RAs) as alternatives to traditional trust structures. While trusts have long been favoured for wealth transfer and asset protection, an increasing number of individuals are turning to retirement annuities for their unique benefits and flexibility. The discussion highlights the similarities between RAs and trusts, showcasing where these two vehicles intersect and where they diverge. Audio Clip from 'The Big C'...
Mar 05, 2024•27 min•Season 2Ep. 2
In this episode of Beyond Succession, we delve into two crucial concepts in estate planning: solvency and liquidity. Join us as we break down these concepts to their most basic form, explaining their significance in ensuring the smooth transfer of assets and protection of beneficiaries. Discover the potential consequences of insolvency and lack of liquidity, shedding light on the challenges and pitfalls that can arise for your loved ones if these aspects are overlooked. From unexpected tax burde...
Feb 13, 2024•21 min•Season 2Ep. 1
Welcome back to "Beyond Succession"! In this short but heartfelt episode, we express our gratitude to our listeners for their unwavering support as we kick off another exciting season. As we eagerly anticipate the insightful episodes to come, we encourage our audience to shift their perspective on estate planning and succession planning – from daunting tasks to empowering tools for securing the future. Join us as we embark on a journey of exploration and empowerment, delving into the significanc...
Feb 13, 2024•4 min
In this episode of the Beyond Succession Podcast, we explore the essential do's and don'ts that individuals often overlook when setting up and managing trusts. Trusts can be powerful tools for estate planning and asset protection, but making errors in their creation and administration can have significant consequences. Join us as we discuss the most common mistakes people make, from altar ego trusts to offshore investments, and learn how to steer clear of these pitfalls to ensure your financial ...
Oct 31, 2023•20 min•Season 1Ep. 11
In this special episode inspired by National Wills Week, we delve into the critical importance of a Last Will and Testament. Join us as we discuss why having a Will is vital, what key aspects to consider, and how it contributes to financial stability and peace of mind for your loved ones. We'll discuss what to consider when creating a Will, from appointing executors, guardians for minors to distributing assets effectively. But it's not just about individual planning; we also shed light on the br...
Sep 27, 2023•22 min•Season 1Ep. 10
In this final instalment of our Trust-related series, we bring our exploration full circle by addressing significant changes caused by the recent greylisting of South Africa by the Financial Action Task Force (FATF). Join us as we examine how global regulations have impacted trusts, emphasising the latest updates like Ultimate Beneficial Owner (UBO) reporting requirements. We'll also shine a spotlight on the potential advantages of utilising companies as an alternative to trusts, shedding light ...
Sep 20, 2023•24 min•Season 1Ep. 9
In this enlightening episode of Beyond Succession , we delve into the intricate world of trust taxation and explore the powerful concept of the conduit principle. Discover the fundamental principles of trust taxation, including how different types of trusts are taxed and the key considerations for trustees and beneficiaries. One of the highlights of this episode is a deep dive into the conduit principle, a critical concept that allows for tax-efficient distributions from trusts. Learn how this p...
Sep 04, 2023•16 min•Season 1Ep. 8
Continuing with our Trusts series, in this episode, we delve into the various avenues through which Trusts can acquire assets and explore the potential tax implications, specifically focusing on donations tax. Join us as we delve into the intricacies of asset acquisition within Trusts and unravel the tax considerations that can arise with a brief discussion on Section 7C of the Income Tax Act. Whether you're a trustee or a beneficiary, this episode equips you with the knowledge to make informed ...
Aug 21, 2023•20 min•Season 1Ep. 7
In this first episode on Trusts, join us as we demystify the world of trusts, a vital tool in estate and financial planning. Laying the foundation by explaining what trusts are and delving into the diverse types that exist, shedding light on their unique features and purposes. Gain a comprehensive understanding of trusts, a valuable tool that can help you protect assets, provide for loved ones, and ensure a smooth transfer of wealth. Audio Clip - George Lopez - Episode 15 Season 5: A Funeral Bri...
Aug 14, 2023•20 min•Season 1Ep. 6
In this captivating episode, we dive into the world of cryptocurrency succession planning, uncovering the unique challenges and opportunities tied to digital asset inheritance. Join us as we explore how deciphering the complexities of cryptocurrency wallets is key to ensuring a seamless transfer of digital wealth to the next generation. We unravel the intricacies of safeguarding crypto assets. Delve into the importance of understanding various types of wallets – from hardware to software – and t...
Aug 04, 2023•18 min•Season 1Ep. 5
In this eye-opening episode, we delve into the often overlooked financial realities that accompany death. The process of wrapping up a loved one's affairs can bring forth a myriad of expenses, from executor fees charged for managing the estate to the costs involved in transferring assets to beneficiaries. By exploring the potential financial challenges and pitfalls, this episode empowers listeners to take a proactive approach to estate planning. Whether you're planning your own estate or seeking...
Jul 26, 2023•16 min•Season 1Ep. 4
Join us in this revealing episode as we unravel the complexities of estate administration and shed light on the potential delays that can arise. We explore the importance of strategic planning, selecting the right executor, and having your affairs in order to prevent problems for your family and beneficiaries. Discover how delays can lead to financial burdens and interpersonal conflicts, making a compelling case for proactive preparation. Don't miss this enlightening episode that serves as a gui...
Jul 19, 2023•23 min•Season 1Ep. 3
In this thought-provoking episode of our podcast on preparing for incapacity that accompanies aging, I delve into the often-uncomfortable topic of incapacity from dementia and Alzheimer's and the anxieties it brings. Join me as I shed light on the anxieties that accompany the possibility of cognitive decline and explore the importance of open discussions and proactive planning. Learn about the legal and financial aspects involved in planning for incapacity and the different solutions available t...
Jun 15, 2023•23 min•Season 1Ep. 2
Drawing inspiration from an episode of Issa Rae's Insecure, we explore the insecurities of death and estate planning. Shedding light on the significance of open conversations about mortality. Prepare to challenge the notion that estate planning is merely a morbid preparation for death, as we uncover its true essence and break down barriers surrounding this topic. I emphasize that estate planning should not be viewed as a grim anticipation of death, but rather as a proactive measure for securing ...
Jun 06, 2023•26 min•Season 1Ep. 1
Welcome to the Beyond Succession podcast! In this trailer episode, I outline what you can expect to hear on this podcast! From Succession and Estate Planning topics such as Trusts, Tax planning to general discussions on Success and the different avenues people have taken towards achieving success! Let's get started on planning your legacy together!
Feb 17, 2023•55 sec
