S4 E9 The Legacy League: Passing on your Superpowers Artwork

The Swan Effect - Creating and Sustaining Your Financial Wellbeing

Money makes the world go round, and if this is true, do you struggle to understand the complex workings of finance, money and investments? Join us, Host Arthi Rabikrisson and co-host on Season 2 Malika Petersen, both women in finance, as we delve into simplifying the complexities that come with managing your finances and investments. The theory of Black Swan Events is a metaphor that describes an event that comes as a surprise, has a major effect, and is often rationalized after the fact with the benefit of hindsight. The opposite of that are White Swan Events which are characterized as being more certain. Because life can be uncertain, there are Grey Swan areas and The Swan Effect is a monthly podcast that dives into some of those grey areas to empower persons in all walks of life to make better money decisions, and ultimately improve their relationship with money. A tribute and thank you to the late co-creator and co-host on Season 1 of the Swan effect podcast, Lucille Sikosana: you set the benchmark high, and we are proud to continue to elevate the important message on financial wellness and financial literacy globally. Your tenacity and optimistic attitude will always be the wind beneath our wings.

All Episodes

The Swan Effect - Creating and Sustaining Your Financial Wellbeing

S4 E9 The Legacy League: Passing on your Superpowers

October 01, 2025 • Arthi Rabikrisson and Malika Petersen • Season 4 • Episode 9

Send us a text

Following on the theme of Legacy from the previous episode 8 of this season, Arthi and Malika engage with the idea that legacy isn't just about the money you leave behind—it's about preparing, protecting, and empowering the next generation with thoughtful planning and clear communication. In the current episode the hosts help you armour up with essential tools like wills, estate planning, and the life file to create a meaningful legacy that outlives you.

Listen in as Malika and Arthi discuss how:
• Wills serve as your superhero shield, protecting your family from unnecessary battles and giving you control over inheritance, guardianship, and estate management,
• Without a will, the Interstate Succession Act decides who gets what, potentially causing confusion, disputes, and financial hardship for your loved ones
• Common estate planning mistakes are made, which include outdated wills, insufficient liquidity, conflicting documents, and vague wording that can trigger family disputes,
• A life file (or "pop-off file") should be created and updated, containing everything your loved ones need—will copies, ID documents, bank details, insurance policies, property deeds, passwords, and key contacts,
• Estate taxes can be the villains of legacy planning, with capital gains tax, estate duty (25% on estates over R3.5 million), and executor's fees taking chunks of your estate,
• To use strategic planning tools include properly structured trusts, adequate life cover, diverse asset allocation, and lifetime giving (taxed at 20% vs 25% estate duty),
plus so much more!

🦸 Golden Takeaway:
Legacy is the cape that outlives you — wear it proudly, and pass it on with purpose.

Share 📢and write a review as Arthi and Malika continue on their mission to simplify the complexities of money management to empower you toward financial freedom, becoming your own financial superhero, and passing on your superpowers too!

Freebie: Download our practical legacy planning checklist to get you started today!

This #podcastepisode is proudly sponsored by Old Mutual Wealth.

People on this episode

Arthi Rabikrisson

Host

Malika Petersen

Co-host