Nelson Mandela Leaves $4 Million Estate to Family, Staff and ANC

Share this post:

nelson-mandela-estate

Former South African President Nelson Mandela has left his $4.1 million estate to family members, the ruling African National Congress, former staff and several local schools, according to a reading of his will on Monday.

Deputy Chief Justice Dikgang Moseneke told reporters the division of the estate—provisionally valued at 46 million rand ($4.1 million) excluding royalties—had been accepted by Mandela's family earlier on Monday with no contestation so far.

Mandela's third wife, Graca Machel, had waived her claims to the estate, Moseneke said at a news conference where he summarized parts of Mandela's 40-page will.

Moseneke said some of the estate would be split between three trusts set up by Mandela, including a family trust designed to provide for his more than 30 children, grandchildren and great-grandchildren.

The reading of Mandela's will was expected to set off another round of squabbling among members of his large and factious family over the anti-apartheid hero's financial legacy.

Mandela, who died in December at the age of 95, left behind an estate that includes an upscale house in Johannesburg, a modest dwelling in his rural Eastern Cape home province and royalties from book sales, including his autobiography, "Long Walk to Freedom".

More visibly, his legacy includes a potent political and moral brand that some of his grandchildren and great-grandchildren have already used to market everything from clothing to reality TV.

READ FULL ARTICLE: http://willsandwellness.com/2014/02/nelson-mandela/

Certified Trust and Estate Planner (CTEP™)

ctep-2Certified Trust and Estate Planner (CTEP™) is one of the most recognized Estate Planning and Trust Planning certifications in the world. This certification comprehensively deals with all the aspects of Estate Planning like Intergenerational Wealth Transfer, Wealth Preservation, Trust Planning, Succession Planning Estate and Gift Taxation.

The Chartered Trust and Estate Planner (CTEP) Program is an International Certification Course focused on Estate and Trust Planning in Philippine context which forms a very important subset of Personal Finance, Financial Planning, Wealth Planning or Wealth Management. The program allows the participants to develop skills in wealth transfer, succession planning, family wealth preservation advisory skills.

The program is ideal for Entrepreneurs, Family managed business owners, Financial Advisors, FinancialConsultants, Wealth Managers and Financial Planners to develop cutting edge knowledge in Estate Planning, Trust Planning, Succession Planning, Private Banking, Family Office, and Financial Advisory.

If you are financial professional, the CTEP program will help you to better position as the advisor to affluent individuals who havethese needs and who can assist with your client's total wealth management.

Practitioners who complete this program will gain the best of both worlds: estate planning ideas plus asset repositioning implementation. By having the Chartered Trust and Estate Planner (CTEP) Designation, you will learn ways to unlock this wealth by providing invaluable advisory services.

ctep-3   ctep-4

Benefits of the CTEP™ Credentials and Designations

  • Increase Your Earnings – CTEP™ Designation Holders earn 25% more than their non-certified colleaguesaccording to the 2013/2014 Compensation Guide by American Academy Financial Management.
  • Advance Your Career – CTEP™ Certification is documented evidence of expertise and experience, representing a high level of skill, knowledge and professionalism.
  • Enhance Your Marketability and Job Security – Stand out against other applicants in a tough job market. Prepare yourself for greater on-the-job responsibilities. Validate your competency in Finance Domain.
  • Gain Professional Visibility and Credibility – The CTEP™ Credentials and Designations are accepted worldwide as the standard of excellence in the Financial Services Industry.
  • Distinguish Yourself from Your Peers – The CTEP™ credentials are recognized in the hiring and promotion policies of leading organizations, including the US Department of Labour , Wall Street etc.
  • Impact Your Company’s Bottom Line – Research conducted by various organizations that CTEP™ Designation Holders were able to perform better than their non-certified peers. The knowledge and skills gained on attaining the Certifications from CTEP™ helped in better client interface and better technical skills leading to overall growth of the Company and the Individual.