Trusts are several advantages, but also disadvantages, heartland unfortunately. Although this may n

Trusts are several advantages, but also disadvantages, heartland unfortunately. Although this may not be a summary of all the advantages and disadvantages heartland are, we share our experience of the main advantages and disadvantages when considering a trust with you:
Through the trust assets to sell, the amount paid by the trust owed to you is outstanding on the loan account and will remain as an asset in your estate considered. This amount, however, for estate tax purposes is reduced by the annual donations tax exemption of R100 000 to utilize.
Income Trust, after the founder's death the beneficiaries with lower tax categories as individual releases can be used, but all taxable income heartland in the trust reserves will be no exemption benefits at 40% rated.
Because the assets heartland owned by the trust remains, and not the beneficiaries, they do not the assets as part of their estates to count when they die, which is a savings in estate taxes as a result.
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