In order to accomplish this, an “inter vivos” trust is established during your lifetime. The process to register a trust is fairly easy, but it is of utmost importance to consult with an experienced trust specialist to draft the trust deed. This is the contract that dictates the relationship between you, the founder, the trustees and beneficiaries.

FAMILY TRUST

ESSENTIAL FOR ASSET PROTETION

PROPERTY TRUST

ESSENTIAL AS ASSET HOLDING ENTITY

BUSINESS TRUST

ENSURE COMPLETE PEACE OF MIND

COMPANIES

COMPANIES ARE REGISTERED WITH CIPC

ESTATE PLANNING

One of the primary advantages of a living trust is that it offers you tax efficient management and control of assets now and 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:

    1. 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.
  • A trust will ensure uninterrupted access to capital and income after the death of an individual.The trust's bank accounts and cash reserves of the trust will not be frozen during the winding up of the individual's estate, which can take up to two years.

    RISK PLANNING

    Through proper structuring, protection of assets against creditors can be achieved. The major risk categories are:

    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:

    • Financial risk
    • Business risk
    • Personal risk
    • Family/Divorce risk

    LEAVING A LEGACY

    Through proper structuring, protection of assets against creditors can be achieved. The major risk categories are:

    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:

    • A trust is an entity that will “outwit, outplay & outlast” you, and will not terminate (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.

    TAX PLANNING

    There are many tax advantages of properly structured entities. Please contact us for tax structuring advice based on your personal needs.

    Further benefits of estate structuring are:

    Protection of Minors

    In SA law a minor cannot be the registered owner of property, therefore the asset is liquidated and the proceeds invested in the Guardian’s Fund at 7,25% interest rate. Assets are also protected against spendthrift children, who will not be able to reduce the inheritance to zero.

    Multi-ownership of assets

    Some assets cannot be divided, for example businesses, farms or other property. By placing these assets in a trust, the heirs can therefore be the beneficiaries of the income generated by these assets.

    Confidentiality

    Upon the death of an individual a will becomes a public document. A trust does not form part of your estate and thus the assets of the trust remain confidential.

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    WEBINAR: WEALTH PROTECTION & YOUR PORTFOLIO

    Specialists in property investments, asset protection and estate planning

    • The 5 everyday risks business owners face
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