A trust creates a separate entity that is allowed to own assets and, through the trustees, transact in its own name. Individuals are therefore protected in their private capacity, as well as protected in their capacity as trustees. A trust is an entity that has the ability to outlive the founder. In the event of an individual passing away, the trust will continue to operate as normal and will not incur any unnecessary taxes or forced sales of assets.
SHAREHOLDING TRUST/BUSINESS TRUST
The shares in a company can be held in a trust and in the event of death, those shares will not be included in the calculation of estate duty as part of the individual's estate.
Experts agree that it would be better to place shares into a Shareholding Trust to eliminate the business value, and capital gains tax liability, being included in an estate.
The benefits of having assets registered in a business trust will ensure complete peace of mind.
ESSENTIAL FOR ASSET PROTETION
ESSENTIAL AS ASSET HOLDING ENTITY
COMPANIES ARE REGISTERED WITH CIPC
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