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(Published in 17 March 2020)
I was sitting here thinking about 2019 coming to an end. Thinking what I still need to do before the year ends, while others who is privileged enough to have a paid job, can enjoy their holiday. At that moment I realised that I am actually privileged, that I am healthy, have a wonderful family, and I can work on my businesses for the last 11 years since I was retrenched after 25 years with a corporate. I felt like praying for those who now might find themselves in the same unfortunate position as I did 11 years ago today. For you I want to say, there is hope after retrechment, retirment, disability or other life changing event.
It was no easy road, but a great road, along which I could make a difference by the grace of God, in so many people lives. Bring them hope and encouragement, help them to find new ways of thinking, new ways of providing for themselves. Encouraged them to reskills themselves for this new environment that we find ourselves in.
I have seen so many friends, family, fellow matriculates, colleagues and people that crossed my path, getting the “THE RETIREMENT AGE” and are forced to retire with still so much to give and so much difference they can make and value that they can add, just give up.
I want to encourage you, ......
Please note the recent amendment to the Administration of Deceased Estates Act published in Government Gazette no 41224 on 3 Nov 2017.
Masters fees are now:
(1) On all estates of deceased persons or estates under curatorship or administration in terms of the Mental Health Care Act, 2002 (Act No. 17 of 2002), (except estates under the custody of an interim curator pending the appointment of an executor) the gross value of which according to the executor's or curator's account:
(a) is R250 000 or more but less than R400 000: R600;
(b) is R400 000 or more for each complete further R100 000 with which the gross value exceeds R400 000, a further R200; subject to a maximum fee of R7 000.
Where the deceased was one of two spouses married in community of property the said fees shall be assessed upon the gross assets of the joint estate.
This will be effective 1 January 2018 and shall only apply to the estate of persons who die on or after 1 January 2018.
Wynand Louw CFP® FIISA