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LEAVE A BETTER LEGACY

Give more to your loved ones and your favourite charities

Make a meaningful difference

When the time comes, you want to leave a legacy that not only reflects your wishes, but also provides your loved ones with better financial outcomes.

 

You can – by making a difference to your favourite charity and remembering them in a specific way with a YFC Codicil (Your Family and Charity Codicil).

Crucial component of effective estate planning

For estates with net assets over R3.5 million

Eliminates tax on tax

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By structuring your estate duty correctly

Heirs can receive up to 8% more

Depending on your chosen generosity factor

Favourite charities benefit from tax savings

Without taking away from your heirs' inheritance

How the YFC Codicil creates a more efficient tax structure

The traditional estate administration approach

  • Estate duty is assessed on the assets remaining after estate liabilities, estate administration costs and the tax-free assets of R3.5 million have been deducted

  • The estate duty is included in the remaining assets 

  • The estate ends up paying tax on tax as a result

The YFC Codicil approach

  • It specifies what heirs receive, leaving a residue in the estate from which the estate duty and charity benefit must be paid

  • The residue is a deduction before taxation

  • The residue to the charity is tax deductible

  • Tax is always paid first from the residue and the rest is left for your charity

Choose a charity and generosity factor

Your charity needs to be a recognised Public Benefit Organisation (PBO) in order for your estate to receive the tax benefit.

 

You need to choose a generosity factor from 1 too 100, which is a percentage of the amount left in the residue after the estate duty has been paid.

See how it works

Include the tax-free amount of R3.5 million in your net assets

 

YFC Codicils are risk-free

100% Confidential

You don't need to ever disclose your wealth, heir or will details

100% Guaranteed

Your heirs will never receive less than they would have under your original will

100% legal

The precedence is per court judgment

100% Tested

Has successfully been used in assessed estates

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© YFC Codicil Pty (Ltd) 2019