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.
PROPERTY INVESTMENT OR PROPERTY SHAREHOLDING TRUST
Property carries a certain amount of risk (through bond finance) and should be in a trust, which is an asset holding entity. The costs and taxes (transfer duty) can be efficiently structured if a unit is purchased directly by a trust from a developer.
ESSENTIAL FOR ASSET PROTETION
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COMPANIES ARE REGISTERED WITH CIPC
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