Know Your Money with Bronwyn Waner and Craig Finch

64. The costs associated with Dying


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Could untangling the complexities of estate planning actually save your family's legacy from dwindling away? Uncover the critical insights with Craig and Bron on Know your Money, as we tackle the nuanced responsibilities of managing a loved one's affairs, especially under the shadow of conditions like dementia. This episode is an eye-opener for anyone grappling with the intricacies of financial stewardship and the hidden costs that can surface when a family member passes away. From government taxes to estate duties, we're not just discussing the challenges, but also offering solutions, such as Capital Legacy's Legacy Protection Plan, to keep your inheritance intact.

Craig peels back the layers on the executor's role in estate winding up, parsing out that daunting 3.5% (Excl VAT) fee and what it encompasses. We're talking about conveyancing attorneys, testamentary trust fees, and the master's role in approving asset distributions. It's about understanding each cog in the machine to prevent your legacy from being eroded by unexpected costs. With our conversation, you'll gain valuable knowledge on how to shield your family's future from these potential financial pitfalls, arming you with the forethought and tools necessary to make informed decisions about estate planning. Tune in and join us in paving the way to a secure financial legacy.

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Know Your Money with Bronwyn Waner and Craig FinchBy Know Your Money