Podcasts about capital legacy

On this episode of the Good Things Guy podcast, we chat with Grant Fietze from Capital Legacy about why having a Will is one of the most important things you can do for your loved ones. Discover how Capital Legacy is making it easier for South Africans to safeguard their families' futures and bring peace of mind.

As we mark National Wills Week, there's no better time to address the importance of having a properly drafted will.  In the latest episode of our podcast, Maya Fisher-French sits down with Deenisha Nadesan, Executive Director of Estates at Capital Legacy, to discuss the common pitfalls people encounter when drafting their wills and how to avoid them.  This is not just a matter of legal formalities; it's about ensuring that your hard-earned assets are distributed according to your wishes, thus preventing family disputes and financial ruin.  Marriage contracts are a significant area of concern. Many people don't understand how their marriage contract affects their will.  Misunderstandings here can lead to complications and unintended consequences, such as one spouse inadvertently receiving more than intended. Another critical issue is the witnessing of wills.  According to Nadesan, a will must be signed by the testator and witnessed by two competent witnesses who are present simultaneously. These witnesses cannot be beneficiaries or their spouses, a detail that often trips people up and can render a will invalid. Property inheritance is another complex area. Many people wish to leave their property to their children but don't consider the practicalities. For example, minors can technically own property, but they can't manage it. This can be solved by setting up a testamentary trust to manage the property until the child is of age. Additionally, if a property is left to multiple children, it can lead to disputes over maintenance costs, selling decisions, and more.  Then there's the matter of pensions. Many mistakenly believe their pension forms part of their will. However, pensions are governed by the Pension Funds Act, and the trustees of the pension fund make the final decision on who benefits. This underscores the importance of understanding what assets fall under your will and which do not.  The costs of winding up an estate can also be eye-watering. From executor fees to estate duty and even capital gains tax, the financial burden can be significant. Therefore, it's essential to ensure there's enough liquidity in your estate to cover these costs, either through life cover or other means.  In conclusion, while free wills or DIY templates might seem like a quick fix, they often lead to more problems than they solve. Consulting with a fiduciary expert can save your family a lot of heartache and financial strain. As Nadesan aptly put it, “What's worse than having no will is having a will that's not properly drafted.” So, take this National Wills Week as an opportunity to get your affairs in order. Your future self—and your family—will thank you. This podcast was sponsored by Capital Legacy.

This conversation with Grant Fietze from Capital Legacy originally aired on 16 September 2024.See omnystudio.com/listener for privacy information.

Nick Kunze from Sanlam Private Wealth on Capitec's update, US bonds vs equities and Nampak's rights issue. Kamogelo Mosime from Tickmill on how the past can help with the future as the market is a 'treasure trove of information'. Alex Simeonides of Capital Legacy talks the nuts and bolts of having a will at the start of Wills Week.

September is wills month and in this podcast we discuss how to use a will to protect your child's legacy. Maya speaks to Alex Simeonides CEO of Capital Legacy to help parents navigate the complexity of estate planning. This podcast was sponsored by Capital Legacy.

Wills are vital, which is why we're sharing real stories that emphasise their importance on this webpage. Dive into narratives that reveal the impact of having or not having a will. Discover the critical importance of wills through authentic stories on this webpage. Immerse yourself in narratives that vividly underscore the far-reaching impact of having or not having a will. Gain a deeper understanding of why having a will is crucial for securing your loved ones' future and bringing clarity to your legacy. These real-life examples shed light on the significance of preparation. Brought to you by Capital Legacy – where there's a will, there's no drama.

It's Wills Month and Capital Legacy and Good Things Guy are urging South Africans to recognise the significance of well-drafted Wills for legacy preservation and family care. Capital Legacy

In this episode, I chat with Alex Simeonides, the CEO of Capital legacy about Wills Month and the reasoning for their rebranding.

The only thing certain in life is death and taxes and this is particularly true when it comes to our wills. While we can never cheat death, by drawing up a will and doing some basic estate planning we can reduce, and provide for, the fees and taxes, leaving more of our assets as a family legacy. In this podcast Maya speaks to wills and estate specialist Alex Simeonides, CEO of Capital Legacy about the do's and don'ts when it comes to writing up a will. Why are we so afraid to sign a will? How can a parent use a will to protect their children's inheritance? Why you should not make your minor child a beneficiary of your life policy How to provide for the costs of winding up your estate What makes a will valid?

On Financial Matters about the importance of having a Will with MD at Capital Legacy, Brandon Garbutt.See omnystudio.com/listener for privacy information.

Brandon Garbutt of Capital Legacy urges you to get your will in place to avoid possible confusion and squabbles after your passing.

In this episode, I chat with Alex about the various forms of trusts available, and we look at worldwide wills.

In this episode, I chat with Alex about Estate Administration and the costs associated with winding up a deceased estate.   For more info, go to Capital Legacy

In this episode, I chat with Alex about how he built Capital Legacy. We also talk about why Wills are so important.   Testament to their mandate of making it easier to get your Will in place is the 380,000 clients they have assisted over the last 10 years. This number grows monthly with, on average, 11,000 new clients placing their trust in Capital Legacy to ensure their Legacies are protected too. Passing away without a Will is problematic in quite a number of ways. Shortly put, though, it means that the deceased dies intestate and his/hers last wishes will most probably not be adhered to. Capital Legacy draws up Wills at no cost to their clients, puts plans in place to cover legal fees and takes care of deceased estates. Because of the company's focus on wills and its specialised processes, it finalises estates on average much quicker than industry standards. Word of mouth regarding Capital Legacy has been a big part of the thousands of enquiries the company gets every month and is a testament to their focus on good old-fashioned client service. SOURCE: https://www.bizcommunity.com/Article/196/546/227250.html  

Continuing his series on building an enduring investment firm, Mistral Venture Partners Founding Partner, Code Cubitt, sat down with JMI Equity Founder and Managing GP, Harry Gruner, to discuss his advice for building a firm for the long-term. Harry Gruner is the Managing Partner at JMI Equity, a growth equity firm focused on investing in leading software companies. He has been working with software companies for more than 30 years, having had the privilege of participating in the growth of the software industry from its infancy to where it is today.

Continuing his series on building an enduring investment firm, Mistral Venture Partners Founding Partner, Code Cubitt, sat down with Greenspring Associates Venture Capitalist, Chuck Newhall, to discuss the lessons learned building a 100-year firm. Chuck Newhall is a Chairman Emeritus at Greenspring Associates, a leading global venture capital investment firm that offers institutional and individual investors a comprehensive platform dedicated to the asset class.

Continuing his series on building an enduring investment firm, Mistral Venture Partners Founding Partner, Code Cubitt, sat down with Sozo Ventures Managing Director, Phil Wickham, to discuss what makes a winning VC culture. Phil Wickham is the Managing Director at Sozo Ventures, which invests in category leaders in advanced data technologies, eCommerce, enterprise cloud, fintech, IoT, and healthcare IT, among other emerging sectors. In addition to Sozo, Mr. Wickham serves as the Executive Chairman of the Kauffman Fellows.

Continuing his series on building an enduring investment firm, Mistral Venture Partners Founding Partner, Code Cubitt, sat down with Aligned Partners Co-Founder & Managing Partner, Susan Mason, to discuss how venture capital has evolved during her career. Susan Mason is the Managing Partner and Co-Founder at Aligned Partners, which invests in highly capital efficient start-ups in the IT area. Before co-founding Aligned Partners, she spent 15 years with ONSET Ventures, a venture capital firm with $1 billion under management focused on early-stage investing.

To kick off his series on building an enduring investment firm, Mistral Venture Partners Founding Partner, Code Cubitt, sat down with Floodgate Co-Founder and Partner, Mike Maples, to discuss his transition from entrepreneur to investor and how he got his start investing in lean startups. Mike Maples is the Co-Founder and Partner at Floodgate, which invests in the extraordinary top "point 1 percent" companies earlier than anyone else and provides as much help as possible in realizing extraordinary outcomes.

Continuing his series on building an enduring investment firm, Mistral Venture Partners Founding Partner, Code Cubitt, sat down with TorQuest Partners Sr. Managing Partner, Brent Belzberg, to discuss how he's developed and grown his investment team. Brent Belzberg is the Senior Managing Partner at TorQuest Partners, a Canadian-based manager of private equity funds with a proven track record in identifying and building value in a diversified portfolio of companies. With over $2 billion of equity capital under management, TorQuest Partners pursues investments in middle-market–later-stage companies with the goal of building value through opportune acquisitions, strategic leadership, and the timely use of financial expertise.

This lecture was recorded as part of Fraunces Tavern Museum's Evening Lecture Series on Thursday, April 28, 2022. In this lecture, Thomas Balcerski* will discuss New York City as the capital of the nation, beginning in 1785 under the Articles of Confederation Congress. Despite debates over whether the capital should be relocated, the first Congress determined to meet there in March 1789, and the first inauguration of an American President happened there in April of the same year. Balcerski reviews the many sites associated with the early capital, between 1785 and 1790, and considers their significance to later developments in the new government, as well as how the legacy of this important history has been largely forgotten today. *The views of the speakers are their own and do not necessarily represent the views Sons of the Revolution℠ in the State of New York, Inc. or its of Fraunces Tavern® Museum.

The greatest wealth transfer in history is taking place, with R100trn expected to pass from baby boomers to younger generations over the next few years, according to various reports. Now, with the global pandemic bringing succession planning into an even sharper focus for many families, is spurring matriarchs and patriarchs of families into action to get their affairs in order. Whilst succession planning has long been on the agenda, never before has so much value been at risk of poor planning. To talk about estate planning Michael Avery is joined by Mandy Dix-Peek, Head of Old Mutual Wealth Fiduciary Services, (multi-jurisdictional wills);Hilary Dudley, Managing Director of Fiduciary Services at Citadel and Alex Simeonides, CEO and co-founder of Capital Legacy

More than 75% of South Africans pass away without a valid or up to date Will in place, the consequences of which can be disastrous for your family. It's vital to have your Will drafted and to ensure that it is valid. This week is National Wills Week and on our Legal Matters we look at this issue with Alex Simeonides, CEO of Capital Legacy. website:www.capitallegacy.co.za  See omnystudio.com/listener for privacy information.

Gary Booysen of RandSwiss on the investment case for Disney. Alex Simeonides, CEO of Capital Legacy, unpacks trusts and whether they are needed and viable. Wayne McCurrie of FNB talks markets, taking a look at oil and GDP.

For tonight's Legal feature, we are joined by Alex Simeonides, CEO and Co-founder of Capital Legacy on the importance of drafting your will. Did you know that more than 75% of South Africans pass away without a valid or up to date Will in place – the consequences of which can be disastrous for your family.  www.capitallegacy.co.za See omnystudio.com/listener for privacy information.

If you grew up in Baton Rouge you either had field trips or family outings to tour what everyone calls the "new" State Capital building (even though it was built in 1932). Still the tallest capital building in the U.S., it was built by Gov Huey Long who was assassinated there after a speech in 1935. Sam wonders if the holes in the marble were caused by bullets as some tour guides have explained, or if those stories have taken on a new life over the decades.

We need to clarify and record the ‘dark’ digital parts of our lives for inheritance and estate-duty purposes: Alex Simeonides from Capital Legacy.

FNB Wealth and Investment's Chantal Marx takes a look at the possible Heineken/Distell deal. Alex Simeonides of Capital Legacy on how Sars treats cryptocurrencies in your estate. Santova CEO Glen Gerber talks the company's results as surging shipping rates boost revenue.

No one chooses when they die. So what happens to your children and loved ones if you pass away prematurely? Not thinking about your will can jeopardise all that you've done to secure your children's future. Alex Simeonides, co-founder and CEO of Capital Legacy, talks to us about putting together a will and estate in South Africa. Brought to you by Fedhealth.

Families have been using trusts to preserve and manage their wealth for the benefit of their heirs for centuries. Trusts provided people with a means of protecting their assets and provide flexibility which is a great tool for estate and succession planning. In this episode of the Wealth Nation Podcast, we chat to Nic Stead from Capital Legacy, on how to get started with Trusts in South Africa UN Article on FERTILITY TRANSITION IN SOUTH AFRICA AND ITS IMPLICATIONS ON THE FOUR MAJOR POPULATION GROUPS https://www.un.org/development/desa/pd/sites/www.un.org.development.desa.pd/files/unpd_egm_200203_countrypapers_fertility_transition_in_south_africa_swartz.pdf  

The financial services industry has done nobody any favours. Not only were many of our parents sold retirement products with exorbitant fees, they are also offered the same awful choices now they've reached retirement age. They have learned the hard way you can spend your life doing everything right and still lose because of bad products with high fees. This week we received five different questions from listeners who are trying to help their parents navigate the terrifying world of retirement money. For many of us, this is the biggest financial decision we would ever have to make. If you've been told you aren't qualified or equipped to make these decisions your whole life, odds are you're not going to start trying at 65.  Our parents need our help navigating this terrain. Hopefully this episode also helps us help each other. Subscribe to our RSS feed here. Subscribe or rate us in iTunes. Win of the week: Emma I am a proudly SA opera singer with a penchant to be a financially stable artist. I started my finance journey properly from last year, and was educated about Just One Lap by my mother, who was your winner of the week a while back. I wrote a blog post this month, hoping to encourage a culture of saving and financial savviness amongst my followers, and thought perhaps you might want to feature it in your podcast. Kenya My mom has recently left her job to take a few months off. Her pension fund (currently held with Old Mutual) needs to be transferred to a preservation fund until she retires in two years. A financial advisor offered her a once-off fee of 1.7% to give advice on which preservation fund to choose (and to help her complete the forms- which according to her are actually very simple). Initially it didn't sound like much, but I was shocked when I calculated the rand value of this fee. The fund he's recommending still falls within the Old Mutual stable and has these costs:   Total investment charge: 0.63% p.a  Fund access: 0.18% p.a  Admin fee: 0.31% p.a  Totalling: 1.12% p.a  Alternatively, he has suggested a fund with Coronation with fees not dissimilar to the above.  Is this a fair offer? Are either of you aware of a better lower- cost preservation fund that she can choose? Bearing in mind she has two years before she will be required to access it and it is required to go to a preservation fund.  Jenna I started listening to your show this year and have become completely addicted. I went back to your old podcasts and have listened to about 50 hours already. My mother has never been great with money. However, she has somehow managed to pull through. She will run out of money soon and may need to go into debt. I'd like to help in any way I can, so I've helped her reduce her costs and get a better overview of her finances. She is 63 years old. She has no retirement fund or any savings aside from R100k in cash in a money market account. She has a brand new car, so her expenses shouldn't be too high for a few years.  She has a home loan that she can access at any time. She has a house valued at about R2.5 - R3m, paid off.  The house has a back section that, if she renovated it, she could possibly rent out, however this would be expensive.  Asset-wise she seems to be in a ok position, but her expenses are more than her income and she'd like to retire soon. I don't think that she would be able to manage a large amount of money (if she were to sell her house.)  How can she continue generating income for the rest of her life while losing money each month? What's the best strategy for this situation? Brendt I recently had a look at my parents' financial situation. They already have a RA that has been converted to a living annuity.  When I inquired as to the fees that are charged on the living annuity, I almost fell off my chair. This got me thinking: we are so focussed on getting a low fee RA going that we totally forget that the RA forces you into a living annuity. When choosing to invest in a RA one must also consider the fees that will eventually be charged on the living annuity. The current high fees on living annuities (the cheapest I could find was Sygnia at 0.86%) makes RAs less palatable. Nicole My mom's money is currently with old mutual but she's retiring at the end of July. The living annuity they suggest will cost 2.2% per year and encompasses funds like Allan gray, coronation, ninety one etc.  I'm tempted to recommend that she rather go with 10x/etfsa or sygnia /the new retirement solution platform by Nedgroup (brand new so not a lot of info there but more choice than the other 2). With one of the first pair she just needs to choose a path and thereafter it's very little input from her side which makes her more at ease but I'm not sure there's enough diversification and control. With the others there might be too many options and the wrong funds chosen. Is it sufficient to take the same approach as I would in my regular investments but lean slightly towards the conservative side? Like a world etf and then one that has more cash and bonds? Ross  I am 35. My dad has a farm and a will that is so out of date it's frightening. He's unfortunately really bad with his own finances and paperwork. I'm trying to find out what the best options are to safeguard against all the legal fees, estate duty etc etc in the event of his death and not to have to sell off pieces of the farm in order to cover all the fees and taxes involved.  I am looking at life insurance policies but at my dad's age (70) they are not cheap. I suppose it's better than trying to find that liquidity out of your own pocket or selling off assets to pay all the legal fees and bullshit when the time comes. There's a company called Capital Legacy that my insurer put me in touch with that deal with all the above mentioned woes. They draft the will, have a legal team, executors etc and cover all the legal fees and taxes in your monthly premium. It sounds all well and good I just wanted to find out if you guys know the company at all, and how legit they are? And if you have any better suggestions? I have listened to the "what happens when I die" podcast, but living in the Corona era maybe things have changed since then?    Richard Now that we've entered unprecedented times, including the exponential use of the word 'unprecedented' how much of the old rules are still completely relevant. Is renting still better than buying, considering interest rate cuts?  Is a broad ETF still the best option? Or should we focus on post-COVID winners in tech? How big should our emergency fund be, when the entire country is in a state of emergency? Marco I am looking to move my R.A to Outvest.  According to my latest investment summary: My value on 1st of January 2019 was R228 797.72 and 16 months later on 1st of May 2020 is R297 692.17. In that period my administration and advice fees were R6510.21. With my current R.A invested in the Coronation Balanced Plus A fund from June 2005 , are the fees of the fund (which is 1.25% excl VAT) included in that admin and advice fees? Or am I paying that 1.25% excl VAT on top of the R6510.21? Are there any other fees I am paying that I am missing? The Coronation Balanced Fund appears to have done well, I think? Not really sure how to read the performance well, taking everything into account. Ie fees etc Would you recommend I pull my chute with the above mentioned R.A? Also , Outvest have four funds that are available for their R.A They are: Coreshares OUTcautious Index Fund Coreshares OUTstable Index Fund Coreshares OUTmoderate Index Fund Granate Money Market Fund Can you shed any light on these? Which would you recommend? 

What is a trust? What is the difference between trusts? Can you invest offshore through your South African trust? What about taxes, inheritence and legacy planning? How do the costs work? As you say there is so much to consider when you are thinking about a trust, which trust to use and how they work. This week I chat with Ken from Capital Legacy about trusts, who should have one, who should not and how to maximise the benefit. If you would like to have a complimentary session with Ken and myself, to discusses trust in your personal situation, email terence@richideas.co.za Your questions, comments and suggestions for future episodes would be greatly appreciated - please email podcast@richideas.co.za

Lesley Coetzee, Hoof van nasionale distribusie by Capital Legacy gesels oor die belangrikheid van huwelikskontrakte en testamente.

Do you know how much of "Death Taxes" you have to pay when your husband dies? Executors Fees, Testamentary Trust Fees, Conveyance Attorney Fees and Non-Estate Asset Administration Fees that are charged as a percentage of your total estate value, immediate funeral expenses, initial overheads (Masters Fees, property clearances etc.), monthly overheads (School fees, medical aid, rates and taxes, water and electricity etc.) and in the worst case scenario of you and your spouse passing away, exponentially high inheritance taxes. On this episode I speak to Capital Legacy on what happens when our husbands die. Download your free Estate Planning Tool Kit at www.financiallyfabulousfemales.com/estateplan Get your will drafted for free at www.financiallyfabulousfemales.com/freewill

Listen / download here. Subscribe to our RSS feed here. Subscribe or rate us in iTunes.   Crushed under the weight of debt and desperate to get out, a younger, dumber version of me would often resolutely put money away - either toward debt repayments or honest-to-goodness cash. As often, I would have to cover some unexpected financial event (some more legitimate than others) and my resolution would dissolve. Eventually I'd accept I'm bad at saving and give up. It was easier than living with failure month after month. For most people, repaying debt and saving at the same time is impossible. Just like we want to be rich right away, we want to sort out our money right away. Resolution is the work of a single insight, so a systematic solution is frustrating. Sadly, implementation happens payday by payday. Sean asked, “My wife and I are going into our 30s and have no savings other than our provident funds and RAs.  We earn a net income of R28,000 and have R10,000 debt in total. We can't afford to save more than R1,000 a month. Whenever we save, something seems to go wrong and we use that savings to bail us out. We never go out or get take aways. The last time we bought new clothes was three years ago so we look like hobos. Our cars are fucked and we can't replace them because there is no extra money in the budget. My wife and I don't drink, so there is no wastage there. I'm not sure what we are doing wrong.” In this episode, we discuss what Sean might do differently. We have two winners this week. Both win because of the homework they did. Sally did a lot of legwork to understand an interest payment amount. She deserves a win for that. I changed my debit order date (on my home loan) recently. I wasn't aware of this, but apparently if you do that they charge you interest twice. She did a lot of investigation, calculations, eventually got in touch with her home loan provider and discovered the following Because you change the debit order date,  they work out the interest you owe from the original date until the date you change it. Then they calculate the interest again on the day after your new debit order date.   Together they'll make a month's interest.  So they do charge you twice, but not double. She deserves to win, because:   She knew immediately that two interest deductions went off her account. She did her own calculations. She wasn't afraid to ask for clarification from her financial institution. She really loves horses. Nadia wrote us in the financial crisis episode to ask if she has the right exposure in her ETF portfolio. I sent her a link to the article on the six questions to answer before you buy an ETF. She did that, sent me her answers and in the process read up a lot more about the ETFs she holds. I'm very proud. In the episode on preparing for a financial crisis, we spoke about Sanlam dangling a carrot for Wim to keep his RA with them. Brett wrote to explain how the echo bonus works. I started an RA with Sanlam at the age of 22 which was based on their Echo bonus feature. This means that all contributions that I made to the RA during its life would be tallied up and given to me at retirement on top of all my investment returns and original contributions. This bonus sounded great, but of course the fund had fees of 3.5% per year, and I am sure you know how the rest would go. I did some calculations on this and wrote about it in the following article (although I did not name the fund): http://www.etfenthusiast.co.za/2016/08/fees-matter.html Sally also has experience with the Echo bonus. She currently has that RA, as well as a 10X one because she didn't have enough invested in the Sanlam RA to qualify for a transfer. If I assumed the same rate of growth and contribution from my side, to just compare fees between the two, you pay less fees at 10x (as expected) and the fees at Sanlam are more over the entire term. However,  because of that Echo bonus,  the end amount I got from the Sanlam RA was similar to the 10x one with the reduced fee.   That was my situation specifically because the Echo bonus works on how long you are invested with them and all that (the longer you are with them, the higher your percentage). You miss out on the compounding over time, but at the end of the day, it was much of a muchness for me.  In the end I decided to just leave the two as they were, so I have two RAs now. Sephathsile found a company that lets you pay estate duty upfront. Last week I came across Capital Legacy. They offer free wills and promise to finalise your estate matters in 6-8 months with the option to pay your fees in advance as monthly contributions so that your family won't worry about it. They do a pay out to the family within 48 hours so that life can carry on whilst they sort out your estate matters. https://www.capitallegacy.co.za/ https://www.zaqfin.com/ Gerhard is not loving property right now I've managed to make some bad property investment decisions in my life – of the buy to let variety. Then I thought let me try this listed property thing, as it supposedly beats buy to let over the long term, and I know you had some Magnus guy doing an insightful comparison on it. So I am uncertain if his calculations still hold. My challenge is simply to run this comparison again and see if it still holds. As you can see below is the graph of the PropTrax TEN and I am no technical analyst but it is not looking pretty. I would love if you could comment on what in the world is going on with it. Is it okay to still hold it, I really do not want to climb out of it now… as I am far under water. Phemelo is about to become a property owner. They want to know:       I am in the process of getting a bond, I was wondering which is the best option, obtain a 30 year bond and pay it off as quick as possible or get a 20 year bond and pay just the required instalment (something has got to give)       I am about to become a homeowner and I do not have a life cover, I would like to find out how does one go about getting a life cover for the bond. Do I need to go through the hustle of meeting 5 different brokers and comparing which one is better?       I would like to get an ETF that pays dividends, however I would like on whereby the dividend payout is invested in a tax free savings account, is this possible and with which financial provider? Cyrus had to help a family member deal with debt. The process is frustrating, to say the least. This is the second time you mentioned it (if I recall), in terms of supporting family. Today's mention was about paying off their debt with a low interest arrangement. Previous it was about supporting them if they are in the dwang. So personal experience - we tried that. The supportive role. My sibling was at rock bottom - maxed out credit card, clothing account, less than R500 in cheque. So I went to town on his budget and came out with a STOP, START, CONTINUE plan. Part of it was to financially support their essentials. I did not want to pay off their debt since I wanted them (sibling and spouse) to learn how to handle cash. Things went south pretty quickly as I continually pushed frugality and it was not being met with my expectations. They were not keen on only eating peanut butter. I had a 10-point plan, and they were already challenging point 1. The short of it is that another family member has bailed them out (with a low interest agreement), however I've stopped my involvement due to the anxiety and friction it created. Family. Ugh Stefan has some insights into the EasyEquities offshore accounts and the TFSA for kids thing. My son is 2.5 years old. Shortly after he was born I opened his own EasyEquities accounts.  As you already know doing so gives you access to three accounts, TFSA, regular EasyEquities and also the USD account. Every month I add to his savings, but I split it between TFSA and regular EasyEquities, so either half-half or one month I do TFSA and the other Regular.   If need be, funds from the regular account can be drawn for things like an education, car, etc in about 18 years. We won't have to tap into his TFSA and we can let that run until he retires rich one day. I know there will be a tax hit on the regular account so perhaps I have not chosen the best way, but so far this has been easily managed and efficient. * Then re the USD account with EasyEquities. A few weeks ago I logged a ticket with EasyEquities and managed to get some clarity.  The EasyEquities USD account is real money sitting in a bank account in New York so it i's proper offshore  cash. EasyEquities does have an easy way to get the cash offshore. You put cash in your regular account and then you can send the desired amount to your US account. |The spreads are wide, though. Hendrik's awesome spreadsheet is at the bottom of this post. What is the best way to manage payments and investments between spouses? Me and my wife each have our own accounts where our monthly debit orders go off. We also have a joint credit card which we both pay into and use for our day to day expenses (and greenbacks of course, which covers our monthly electricity). Because we pay a set amount into this card each month it serves as a budgeting tool for our day to day expenses as well.   We use 22seven to track all our expenses and determine our monthly surplus, which we then split between her TFSA (mine is maxed out for the year), a retirement annuity and paying extra off on our home loan. I figure that I am guaranteed a saving of 10% interest on the home loan and it serves as a good emergency fund as well. When it is paid off I will save that portion in ETFs/shares as well. Fred wants to know if there's a scenario where hyperinflation and exchange controls could lead to South African-based funds that invest offshore could be prevented from trading or shut down. Free financial calculators