Financial Planning Checklist

Below is a financial planning checklist. If you answer “NO” or “I DON’T KNOW” to these questions, I suggest we get together to have a review of you financial situation.

Please send me an email with your contact details and I will call you to arrange a meeting.

A= YES B= NO C= I DON’T KNOW

1. Do you and your spouse have a valid up to date will?

2. Does your will (and your spouse’s will) appoint a

guardian for you minor children?

3. Are you comfortable with the executors and trustees

you have selected?

4. Have you created a trust in your will (a testamentary trust)?

5. Are all your children treated equitably, not necessarily

equally, in your plan?

6. Will your wife, children and parents have income

independently of each other?

7. Who will own your house if your wife, children

and parents all live together?

8. Have you considered a living trust?

9. Have you transferred you important assets into

the name of a living trust?

10. Are you taking advantage of the surviving spouse

deduction – Sec 4(q)?

11. Are both estate plans designed to take advantage of

the R3 500 000 exemption?

12. Are you both taking advantage of R100 000 annual

Donation Tax exemption?

13. If you have partners in the business, do you have

a buy-and-sell agreement?

14. Will there be enough cash in each estate, if either you

or your spouse dies?

15. Do you have income producing assets to maintain family’s

standard of living?

16. Are the beneficiaries on your life insurance consistent

with you estate plan?

17. Does your estate plan have inflation and standard of

living provisions?

18. Do you have a current list of important personal papers

and their locations?

19. Do you require assistance in organising your estate plan?

Ensuring your financial future - Warren Basel - Cell 082 490 5182 - Email - warrenb@oraclebrokers.com