# South Africans are being urged to plan their estates carefully to reduce the financial impact of death. As South Africa marks National Savings Month, financial planner Rothea Van Biljon, says when a person dies, the South African Revenue Service treats assets as sold at market value, potentially triggering capital gains tax. Van Biljon says in addition, estate duty and executor’s fees further reduce inheritances. Van Biljon added poor planning leaves families facing frozen assets and unexpected costs. She recommends early estate planning to improve liquidity and safeguard wealth for future generations.
Estate planning key to protecting family wealth after death