Calculating Family Provision Act Claims

The basis for Succession Act and Family Provision Act claims is on the basis of needs or specifically in some legislation the costs of maintenance, education and advancement in life. It is necessary to arrive at a lump sum value in respect of those future needs, but how do you calculate a lump sum value?

There are two general components to a lump sum value:

  1. The current value of the costs likely to be expended into the future, on a per annum or weekly basis, and
  2. A discount rate reflecting the earnings that a lump sum could earn after inflation and tax.

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The Role of Forensic Accountants

The Role Of Forensic Accountants

The main role of forensic accountants is to assist the courts, solicitors and clients understand the complex financial and accounting issues and presenting that information in a manner that all users can understand. An important addition to that is that…

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