5 April 2011

RSA TRUSTS

“The rich makes the most money, with as little as possible work and pay the fewest taxes. The middle class works the hardest and pay the most taxes. The poor are just there to scare the middle class” – Anonymous

Build a fortress around your assets – NOW!

Start with the end in mind

You’ll agree that you should NEVER have your hard earned assets or passive income near any risk or your trading entity. Risk should always be separated from your livelihood. Start with the end in mind. Start with your Trust in hand.

A Trust creates a safe haven for business owners and families. Trusts are the ultimate safeguard against the unforeseen.

READ TO THE END AND FIND OUT HOW YOU CAN GET YOUR FINANCIAL STRUCTURES AND HOW IT WILL BENEFIT YOU

WHAT WILL HAPPEN TO YOUR HOME AND ASSETS IF YOUR BUSINESS CLOSES TODAY?

With a trust you build a fortress around your assets, but have as much flexibility as you can ever imagine. And supplementary to the asset protection a trust provides, with the correct planning a trust could also be tax efficient as well.

Do you know you can save estate duty – LEGALLY – if you have the correct structures and tax planning. You also have no STC on any distributions to beneficiaries.

Legal entities like trusts are prime vehicles to grow exponentially and separate all your risk factors. The use of its conduit principal opens up a gateway of opportunities. When utilised to the utmost, a trust may very well put you in a position where you don’t have to forfeit your hard earned investment income to BEE, capital gains tax, loans, risk, income tax and estate duty.

Your ideal structure as a business owner consists of at least the following:

Family Trust — which is at the top of your structure and contains your personal assets, without any debts whatsoever. Also know as a cash trust.

Business Trust — which is underneath your Family Trust, and contains all your business shareholdings, but contains all your business risks. The structure ensures that any growth and prosperity is transferred into your Family Trust automatically, protecting your estate on your death and from any business risk.

Property Trust — which is also underneath your Family Trust, but contains your property holdings, such as your home. Once again, the structure ensures that any growth and prosperity remains within your family trust, and that your death does not provoke capital gains taxes and estate duty taxes – which often result in the sale of the property and all the costs involved with selling an asset.

Do you know it is possible to pay your children, donate to charities and even look after your ageing parents with before tax money?

Did you know a trust receives the donation exemption from each beneficiary? Do you know how to use this to your utmost advantage?

Some advantages of a Trust

Insolvency Protection

Flexibility

No Estate Duty

Asset “freezing”

No STC

Protection of assets from creditors and business partners

Trust carries its own separate liability

Carries on in perpetuity

Conduit principal and income splitting

Cost effective

No restrictions of Companies act and GAAP.

No need for an audit.

Preserve your assets after your death.

No account “freezing”

Continuity

Complicated financial and business structures can be set up

Effective divorce settlement

We have the best business trust in South Africa. After you see our business trust and understands how it works, I guarantee you’ll never do business without one again. The protection, flexibility and tax effectiveness of this business trust surpasses that of any other entity.

So for Family Trusts, Cash Trusts, Business Trusts, Property Trusts or any other trusts and business entities, contact us.

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Some people are inclined to skip tax planning because they think they are either not old enough or wealthy enough. Well most people have or at one stage in their lives will have dependants to take care of. What happens after your death? So when is the right time to start tax planning? Immediately! Remember: Start with the end in mind.

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