Are you an
Entrepreneur, Business Owner, Forex Trader, or Property Investor?
Do you own all your assets in your personal name?
Are you currently paying too much in taxes?
Do you know what will happen to your assets when you or your spouse passes on?
Do you know what would be left after Death Cost?
7 REASONS WHY YOU SHOULD SETUP A TRUST STRUCTURE
Protect your assets and plan for a secure financial future.
Protecting your Assets
We don’t know what the future holds and what we will be facing next, a recession or another pandemic? Do not expose your assets by keeping them on your personal name and risk losing everything.No Estate Duties or executor fees payable on death in a Trust
What happens to your assets on Death? The government will take their cut, but they cannot if it is kept in a Trust.No Capital Gains tax payable on Death in a Trust
On Death your assets will go into your estate with the following payable, Estate duty, executor fees and capital gains tax on properties and businesses. What % will be left for your family to inherit?Tax Benefits
Using the correct trust structure will have great tax benefits, we use the conduit principle among other methods to save you the most tax legally possible.
Protection for Minors
Did you know that the South African law does not provide for minors to inherit while they are still Minors, meaning that all assets have to be liquidated and the moneys invested in the guardian fund until they reach the age of 18, if your will makes provision for a testamentary trust this will not happen but keep in mind that a testamentary trust is after the fact and that your assets will still go into your estate with you having to pay estate duty, executor fees etc. and the remaining will then be transferred to the Testamentary trust ultimately losing a big % chunk of the inheritance.Building wealth and leaving a Legacy
Trusts is the correct vehicle to build wealth for generations to come and leaving behind a legacy.Protecting your Company or Business
Are you keeping the shares of you companies in your personal name? By doing this your Business and Business assets are exposed.Talk to us to find the best way to protect your company and your personal and Company assets.
5 Everyday Risks of owning all your assets in your personal Name.
Failure of a business
Divorce
Creditor Exposure
SARS
Recessions
Pandemics
Have you thought about what it would cost you not having a Trust structure in place?
5 Common Myths when it Comes to Trusts
Trust is expensive and only for the Wealth.
The wealthy used their trust from the beginning to build wealth, keep and accumulate wealth, Trusts are not expensive keeping in mind what would it cost you if you don’t have a trust?
Trusts has the highest Tax rate.
Although Trust have the highest tax rate, we make use of the conduit principle to distribute the income to the beneficiaries at their nominal tax rate so that tax is not paid in the Trust
Losing control of your assets.
Although the assets is no longer in your name, you will still have control over the assets being a trustee of the Trust it will be part of your duties and the other trustees that you elected to manage the assets in the Trust.
SARS is clamping down on trust.
Yes, SARS is increasing its focus on Trust, but SARS is also increasing their focus on Companies and Individual to ensure compliance.
Trust Administration is Complicated
a Trust is very simple, your independent trustee will take care of most of the administration in the Trust and the Accountant for the Trust will take care of the bookkeeping and compliance.
You Might Be Asking
Who Is Johann & Why Should I Listen To Him?
In the depths of the 2008 recession, Johann Steenkamp found himself standing on the precipice of financial ruin. His business, once thriving, was now teetering on the edge of collapse, and his hard-earned assets seemed to evaporate into thin air. The storm of economic turmoil had swept away his financial security, leaving him with little more than determination and a burning desire to rebuild.
But Johann was not one to succumb to adversity. With unwavering resolve, he embarked on a journey to rebuild his life and his business. He immersed himself in the world of finance, determined to understand how to safeguard his assets and protect his future from the unpredictable tides of economic turmoil.
Through years of hard work and dedication, Johann not only resurrected his business but transformed it into an incredibly successful accounting practice. He had learned the art of financial resilience, and he was determined to share this knowledge with others.
As he navigated the intricacies of the financial world, Johann couldn't help but notice the immense potential of trusts. He realized that trusts were not just for the ultra-wealthy; they were a powerful tool that could benefit individuals and businesses alike. Trusts could provide a shield against economic downturns, ensuring that hard-earned assets remained safe and secure.
With this newfound passion and purpose, Johann decided to pay it forward. He opened the doors to "WealthGrow," a company dedicated to helping businesses and individuals protect their assets and build generational wealth through trusts.
Johann's story is a testament to resilience, determination, and the transformative power of knowledge. He had walked through the fires of financial adversity and emerged stronger and wiser. Now, he stands ready to guide others on their own journey to financial security and prosperity.
Wouldn't you want this level of expertise and guidance for your business? Johann's experience and dedication are your key to safeguarding your assets and building a brighter financial future.
Don't wait: take the first step toward financial security with Wealth Grow Structures.