Max at Momentum - Financial Planner & Financial Planning
Insurance in Cape Town

I am a qualified Financial Planner with Momentum. I have worked for different Insurance Companies such as Momentum and am specialized in Medical Aid. I offer the following financial products:Risk* Life cover* Disability* Dread Disease/ Critical Illness* Income ProtectionInvestments* Retirement Annuity* Endowment PolicyEmployee's Benefit* Medical Aid* Pension/ Provident FundsPlease feel free to give me a call for any assistance.Thank you.Max MenziesCell: 083 270 92 84. I have worked in the Financial Services Industry since finishing studying (18 years ago).

He set-up my financial portfolio based on my needs and budget with great attention to detail! Max Menzies has given us advice on a diverse range of financial matters for more than ten years. He is always well informed on current trends and options. Estate planning is certainly not something that most people look forward to. However, it is imperative to make sure that everything you have worked long and hard to acquire ends up in the right places after you die. Estate planning is more than simply having a Will, below are ten estate planning essentials that should be considered. Once you have a Will, it is important to review it regularly and also to ensure that your family knows where to find it when you are not around to show them. A living will is an advance document reflecting a person’s wishes regarding the type of medical care he or she would or not want if the person lacks the physical capacity to communicate his or her needs, especially where there is no hope of recovery or significant improvement. One of the most important roles of a living will is that is maybe the only written evidence of what a person’s wishes are. The issue is often overlooked by parents, especially as a surviving parent remains guardian in the event of the death of the other parent. However, couples should always stipulate a guardian for their children to cover the eventuality of their simultaneous death. Your nominated guardian should be stipulated in your Will. The appointment of trustees is crucial for inheritances by minor children as in the absence of provisions in a Will creating a trust, a minor child’s cash inheritance must be paid over to the Master of the High Court’s Guardians’ Fund for safekeeping. As your family situation changes over the course of a lifetime, you may need to change the names of beneficiaries not only in your Will but also in life insurance policies and other documents that list beneficiaries, such as trust deeds, and group life funds. By making donations, large estate can be reduced to avoid significant estate taxes. It is worth-while to discuss the options with your financial advisor. One of the most common problems in winding up an estate is the situation where there is not sufficient cash to settle the estate’s liabilities such a as mortgage bonds, vehicle finances, taxes and winding-up costs such as executor’s fees and conveyancing costs. In such a situation the outcome can be a forced sale of assets (such as the family home). Life insurance is an easy and affordable way to provide estate liquidity. If you should have offshore assets when you die, you will also have a foreign estate that will have to be administered. Each country has its own legislation dealing with inheritance and the signing of Wills. Your South African Will won’t necessarily meet with the legal requirement of the country where your assets are situated. A solution is to execute a separate Will in the foreign jurisdiction dealing only with those assets. It is a traumatic time for the surviving family when someone passes away.