In this episode, Warren Ingram and Pieter de Villiers discuss the complexities and costs associated with estate planning, understanding the importance of forward planning to minimize financial burdens on loved ones after death. They explore various strategies for efficient estate planning, including the role of retirement funds, the benefits of donations, and the implications of offshore assets.

Takeaways

• Understanding the costs involved in estate planning is crucial.
• Estate duty can significantly impact the value of an estate.
• Professional help is essential for effective estate planning.
• Retirement funds can be a tax-efficient way to pass on wealth.
• Donating to beneficiaries during your lifetime can reduce estate size.
• Life insurance policies can help avoid executor fees.
• Offshore assets require careful planning to avoid high taxes.
• Marital status affects estate planning strategies.
• Trusts can be beneficial but should not be solely for tax savings.
• Starting estate planning early can save time and money later.

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An Acxiom podcast where we discuss marketing made better, bringing you real...

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In today's episode, Warren Ingram and Pieter de Villiers discuss the critical importance of estate planning, focusing on Wills. Regardless of age or wealth, everyone needs a Will to ensure their wishes are honored after death. The conversation covers the consequences of not having a Will, the process of setting one up, appointing executors and guardians, and the necessity of reviewing and updating Wills regularly. They also touch on the complexities of foreign Wills for assets held outside of South Africa, highlighting the need for proper planning to avoid complications for loved ones left behind.

Takeaways

• Everyone needs a will, regardless of age or wealth.
• Planning for death is a responsibility to your family.
• Without a will, your estate gets frozen.
• A well-structured will can prevent family disputes.
• Parents must have a will to protect their children.
• You can appoint an executor to manage your estate.
• Wills should be reviewed every few years.
• Pets should be included in your will.
• Foreign assets may require a separate will.
• It's essential to communicate your wishes clearly.

Learn more about Prescient Investment Management here.

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An Acxiom podcast where we discuss marketing made better, bringing you real...

Listen on: Apple Podcasts Spotify

Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod

In this episode Warren Ingram invites Chris Rule, Head of Products and Client Solutions at CoreShares 10X, to discuss the evolving themes in the asset management industry, particularly focusing on the concept of investment solutions. They explore the distinction between genuine investment solutions and marketing jargon, the importance of goal-oriented investing, and the differences between alpha and beta investments.

Takeaways

• Investment themes evolve over time, some fade while others persist.
• Investment solutions should genuinely address specific financial goals.
• Greenwashing was a critique of marketing over substance in investments.
• Certainty in achieving financial goals is more important than chasing alpha.
• Not all funds marketed as solutions are truly designed to meet specific objectives.
• Understanding the difference between alpha and beta is crucial for investors.
• Investors should seek clarity in their financial objectives.
• The investment industry often uses jargon that can mislead investors.
• A focus on outcomes can lead to better investment decisions.
• Investors need to be aware of the risks associated with alpha chasing.

Learn more about 10X Investments today: https://bit.ly/4hiEscG

Send us a text

An Acxiom podcast where we discuss marketing made better, bringing you real...

Listen on: Apple Podcasts Spotify

Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod