PROPERTY INTELLIGENCE
Good to Know
• If your assets are in a properly administered Wealth Masters trust structure , they are not attachable by creditors .
• It is not only the wealthy who need to structure their assets in a Trust for wealth creation , wealth preservation and continuity .
• Death costs can all but empty your estate , leaving nothing to your spouse or children - however , our trust structures can eradicate these costs completely , leaving everything to your loved ones . of the Trustees pass away or is no longer able to comply with its duties , the remaining Trustees will appoint the replacement trustee and the day-to-day transaction and administration will continue .
5 . Tax-efficient income splitting . This is known as the “ conduit principle ”. Trustees resolve to distribute taxable income to beneficiaries in lower marginal tax rates .
6 . No or less Estate Duty – Estate duty of 20 % is payable on the value of your estate from R3 500 000 . If your Estate is valued at R30 000 000 or more , 25 % estate duty is payable . In addition to estate duty , executors ' fees of 3.5 % of the gross value and 6 % on income received in the estate is also payable . All these fees / taxes are payable in cash and therefore unfortunately most families end up selling assets just to cover these fees . The sale of assets will
98 NOV 2022 SA Real Estate Investor Magazine