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Trust and estate department |
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Quick Links |
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• Will Drafting Services |
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- Online Will
Drafting Application |
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• Deceased Estate Administration |
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• Trust Administration |
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-Testamentary Trusts |
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- Inter Vivo's Trusts |
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• A Living Will |
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• Estate Duty |
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Will Drafting
Services
A will is important because it awards the individual the right
to decide who his heirs are:
• Choose your beneficiaries
• Decide how you want your assets distributed
• Protect and provide for dependants
• Create trusts
• Nominate an executor
• Nominate a guardian
• Specify funeral arrangements
When do I need to review my Will?
A will is not cancelled by divorce or remarriage. It must be reviewed
periodically, especially where there has been a change in your status
or circumstances, for example by marriage, divorce, remarriage, the
birth or adoption of a child, a death in the family or following a
substantial change in your assets or general financial position.
Online Will Drafting Application
Liquidity Calculator Link
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Deceased Estate
Administration
Keller and Neuhaus offers executor ship services, not only
where we have been nominated as executors in a will, but also under
power of attorney where a person has been appointed and wishes to
delegate the administrative functions to a specific person in the
Company or to Keller and Neuhaus itself.
Keller and Neuhaus offers a reliable and experienced administration
service, supported by specialised staff and structures which are geared
for an efficient estate administration practice. Besides 75 years
experience in this area, our customers have the security of knowing
that their estate administration is backed by Namibians and a Namibian
entity.
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Trust Administration
Testamentary Trusts
Created in a will, the trust is established for the purposes of protecting
assets and/or beneficiaries. A testamentary trust will avoid the inheritance
of minor beneficiaries being paid into the Guardians Fund and allow
for greater investment potential and convenience.
Inter Vivo's Trusts
We have the ability to set up both local and overseas trusts. The
inter vivo's trust is not only a means of protecting assets and
providing for beneficiaries, but also a mechanism to peg the value
of your assets in the face of increasing estate duty.
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A Living Will
A document called a Living Will was devised to stand as a testament
to one’s wishes, particularly in the event of one being unable
to communicate at the time.
A Living Will is entirely voluntary and legal. It is an assertion
of an individuals right to self determination over his or her own
body.
A patient can decide to refuse treatment, and has every right to do
so. With few exceptions, such as unconscious accident cases, a doctor
is obliged to obtain the informed consent of a patient to any treatment
that he wishes to administer. The doctor can and should say what he
recommends, but it is, as a rule, the patients legal right to decide.
The Living Will relieves both family and doctors of the responsibility
of making the ultimate decision about somebody else’s life.
By signing a Living Will, we give our loved ones the gift of peace
of mind.
We represent the Living Will Society and draw up Living Wills together
with a Last will and testament.
If you like to receive a Living Will together with your Last will
and testament fill in your personal details below.
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Estate Duty
Many deceased estates in Namibia suffer serious cash shortfalls.
This means that there is not enough liquid cash available in the estate
to pay off the various debts, something that becomes a serious burden
on the family and beneficiaries of the person who has died. Suddenly,
at such an emotionally trying time, they have to find cash to pay
into the estate in order to avoid having to sell hard assets, such
as a family home, for example, to raise the cash that's needed.
You should always be sure that there would be enough liquid cash in
your estate when you die. This means taking account of the debts you
know about during your lifetime - things like a bond on a house, vehicle
finance, etc. -as well as those that arise on death. The latter are
things most people don't plan for, probably because they simply don't
know about them.
To assist you to get some idea of your cash situation, use the calculator
below. Note that you will not be able to get a definite picture of
your situation, since this would require interaction with a broker
or consultant, but use the calculator as a guideline. You should also
note that most estates have an income tax liability as well: for the
income earned between the last assessment and the date of death, as
well as for any outstanding income taxes. It may be difficult for
you to calculate this yourself now, but you should be aware of the
need to take this into account as well.
You will need to know your Estate Duty to calculate your Liquidity
Need. To calculate your Estate Duty, click here. |
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