When a loved one dies, it’s a very traumatic and sad event in itself. As if that’s not enough, so many cases are often heard of where the beneficiary(s) are also held liable for the applicable estate duty, which can amount to thousands and even millions of Rands.
Pieter Joubert, an expert in life insurance and estate planning at FFG, says it is worrying that very few individuals have the necessary knowledge of what implications of such a situation. Even fewer beneficiaries have the necessary financial cover in place to deal with these unexpected liabilities. However, Pieter offers a Momentum product that will address this unnecessary payment of estate duty.
Click here to read more about Pieter’s advice on estate duty