What are the
Benefits of a trust?
Our primary goal is to get all our clients to OWN NOTHING, because if you own nothing there is nothing to lose.
Estate PlanningOne of the primary advantages of a living trust is that it offers you tax-efficient management and control of assets both now and also after your death. The growth in your estate is “pegged” and the value will increase in the trust. A trust creates an entity that owns assets outside your personal estate, consequently excluding these assets from estate duty.
Taxes and costs amounting up to 35% can be saved through proper structuring, as an individual will be liable for the following costs and taxes upon death:
- Estate Duty (20% of Estate).
- Capital Gains Tax (16,4%).
- Executor's Fees (at 3,99% of the Gross Estate). This is a particularly unnecessary and avoidable tax. Executor's fees are calculated on the gross value of an estate and deducted before any other expenses.
- Conveyancing fees on immovable property.
Risk PlanningThrough proper structuring, protection of assets against creditors can be achieved.
The major risk categories are:
- Financial risk
- Business risk
- Personal risk
- Family/Divorce risk
Leaving a LegacyA trust is an entity that will “outwit, outplay & outlast” you, and will not terminate even upon your passing (unless decided by the trustees). It can therefore own properties and assets for generations, and then pass this portfolio of assets to the next of kin or heirs tax free.
In conclusion, to protect your accumulated wealth, contact us to assist in planning your lasting legacy.
Leaving a LegacyThere are many tax advantages to properly structured entities. Please contact us for tax structuring advice based on your personal needs.
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- Tel: +27 (0) 21 979 2501
- Fax: +27 (0) 21 979 2505
- Email: firstname.lastname@example.org