Wenke vir Suksesvolle Aftrede
Riaan Botha • March 18, 2024
Agtergrond
Weens die moderne gesondheidswetenskap leef afgetredenes langer as ooit in die geskiedenis van die mensdom. Hierdie verlengde tydperk skep talle geleenthede. Die vraag is watter wenke moet gevolg word om hierdie geleenthede suksesvol te benut.
Die volgende wenke kan help:
- ‘n Afgetrede persoon het ‘n leeftyd van ervaringe agter hulle. Tydens hulle lewens was daar tye van lag en ook tye van swaarkry. Hierdie persoonlike ervaringe kan aangewend word om die tyd as ’n afgetredene ten volle te geniet.
- Elke afgetredene het unieke talente wat benut kan word om ‘n positiewe rol in die gemeenskap te speel.
- Voorkom die “Aftree Siekte” . Programme kan gevolg word om gemaklik en sonderspanning af te tree.
- Wees finansieel onafhanklik. Daar is ’n leeftyd van inkomste verdien en gepaardgaande aftree beplanning agter die rug en nou moet finansies ten beste aangewend word om jou aftrede te geniet. Dit is belangrik om jou finansiële bates deur ’n professionele persoon en finansiële instansie soos Bovest te laat bestuur. Dit sal die angs van die scenario van”dat my geld voor my dood sal opraak” te vermy.
- Leef met redelike lewensverwagtinge. Indien jy met te hoë verwagtings leef en altyd streef na iets beter as wat jy tans ervaar, gaan jy onvergenoeg wees en deur mense vermy word.
- Bestuur die risiko’s van aftrede. Ons as mense smag na voorspellings en wat ons van die toekoms kan verwag. Meer nog as afgetredenes. Dit is egter belangrik om gereed te maak vir verskillende gebeurtenisse in ons lewens en om die lewe te geniet. Indien die onvoorsiene gebeur soos ’n terugslag met jou gesondheid of die verlies van ’n geliefde moet daar gebeurlikheidsplanne in plek wees om te help met die slegte nuus.
- Gee terug aan die gemeenskap en aan mense wat hulp nodig het. Hierdie teruggee aksie kan finansiële skenkings wees of om van jou kosbare tyd en kennis beskikbaar te stel aan jou medemens. Daar is die belangrike spreuke dat dit beter is om te gee as om te ontvang.
- Die vestiging van jou nalatenskap kan ’n belangrike rol speel tydens aftrede.
Samevatting:
Jou aftrede is so ’n belangrikke fase in jou lewe dat Bovest wenke gee sowel as om byeenkomste gaan aanbied om jou gereed te maak vir ’n suksesvolle aftrede sowel as om jou bestaande aftrede ten volle te geniet.Dr Riaan Botha FSA™ D.Phil
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In this month’s chart we can see that over the last 60 years, top five stocks now make up nearly 35% of the US market — the highest concentration on record. They include: Nvidia, Microsoft, Apple , Alphabet (Google) and Amazon. Market leadership is becoming increasingly narrow, leaving investors more exposed if these giants stumble. At Bovest we take this into consideration when constructing our client’s portfolios and it serves as a reminder of the risks of concentration and the value of diversification. Although almost every investor will have exposure to these large tech companies in one way or another, it is important to limit the level of exposure and not get caught into investing in themes or falling in love with a certain stock. At a recent event, hosted by pour partners at Ninety-One asset managers, many of the talks still revolved around the impact of AI, not only in the workplace, but investment opportunities as well. This boasts the idea that these stock might still have room to grow, but at a certain point valuations move across the tipping point, and we will see a correction in prices. Kindly contact our team if you have any questions.
In many instances, spouses choose to bequeath their whole estate to each other and the surviving spouse will look after the children. This is also good estate planning. But what will happen to the children and assets should both parents pass away? Underage children can inherit these assets but should be managed through a testamentary trust. A short video summary of the below can be watched here: https://www.instagram.com/reel/DPOqkx3DP1S/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA== What Is a Testamentary Trust? A testamentary trust is a legal entity created in terms of a person’s Will, which only comes into effect upon their death. Unlike inter vivos trusts, it is not operational during the testator’s lifetime. The Will serves as the trust instrument, and the testator is the founder. How Is It Created? Drafting the Will: The Will must clearly state the intention to create a trust, name the beneficiaries, identify the assets to be placed in trust, and outline the terms and conditions. Activation: Upon death, the nominated trustees apply to the Master of the High Court for Letters of Authority to manage the trust. Trustees: It’s advisable to appoint at least one independent trustee with fiduciary expertise to ensure proper governance. Why Should Clients Consider It? Protection for Minor Children: Minors cannot legally inherit until age 18. A testamentary trust ensures their inheritance is managed responsibly until they reach maturity. Special Needs Planning: A Type A Special Trust offers tax-efficient support for beneficiaries with disabilities. Asset Preservation: Prevents reckless spending by beneficiaries. Trustees manage and distribute assets according to the testator’s wishes. Managing Indivisible Assets: Useful for assets like farms or holiday homes that cannot be easily split among heirs. Tax Efficiency: Testamentary trusts may offer tax advantages, especially in the case of special trusts. Important Considerations Validity of the Will: If the Will is invalid, the trust cannot be established. Professional drafting is essential. Trustee Selection: Trustees must be trustworthy, capable, and ideally include an independent party to avoid conflicts. Costs & Complexity: Testamentary trusts involve legal and administrative costs. Clients should be made aware of ongoing compliance and management responsibilities. Family Dynamics: Clear communication and transparency in the Will can help prevent disputes among beneficiaries. Contact me at ruvan@bovest.co.za for more information. Ruvan J Grobler RFP™ (PGDip Financial Planning)
