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Let’s Start Here... Build a Trust with us, Build a Legacy for your family “A personal journey is part of the generational relay. Live your legacy then pass it on.” - Jo Ann V. Glim

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Let’s Start Here...Build a Trust with us, Build a Legacy for your family

“A personal journey is part of the generational relay. Live your legacy then pass it on.”

- Jo Ann V. Glim

WHAT IS A TRUST?

A trust is one of the eldest relationships known to law. It is a separate legal entity which exists apart from the individuals who control and/or benefit from it. Essentially a trust is an agreement between the trustee’s and the owner of specific assets, where

the trustees undertake to take the necessary care of the trusts’ assets to the benefit of the beneficiaries. This ensures that the assets are objectively controlled and managed, to the best interest of the beneficiaries, by the appointed trustees.

Trusts can help you manage your property and assets, a Trust can make sure they are distributed after your death according to your wishes, and save your family money, time and paperwork.

Simply put, a trust is legal contract where assets get transferred into the trust which will be managed by the Trustees, on behalf of the Beneficiaries. The donor will no longer be owner of the assets in trust.

There are many reasons to set up a trust, including avoiding probate, providing for your family after your death, and stating exactly how, and when, your descendants receive their inheritance. Privacy, spendthrift protection, wills and estate planning,

public benefit organizations (pbo), corporate structures, asset protection, tax planning, ownership of property, estate duty and administration costs, leaving a legacy to others, capital gains tax consequences on death, security and stability.

DONOR TRUSTEES BENEFICIARIES

Person that wishes to create the trust.

Parties on whose behalf the trust are being created.

(Income or Capital beneficiaries)

Parties managing the trust on behalf of the beneficiaries.

(2 or more)

PLEASE NOTE: TAKE INTO CONSIDERATION

Donor will no longer have ownership and control over the assets, once in trust the trust deed determines the use of the assets.

Administrative responsibilities and extra requirements to adhere to.

Extra costs for professional assistance and services.

Higher transfer duty and income tax.

No tax deductions applicable.

STEP 7

On receipt of proof of payment and Trust documents from the Master of

court we will proceed to the final step.

STEP 6

Trust document send for approval of Master of High Court

STEP 5

Completed Trust forms / Deed forms will be presented for your signature

STEP 4

Trust will be designed to suit your need

STEP 3

On approval we will consult with you

STEP 8

Working files, SARS registration number, banking number as well as a copy of the approved Trust

deed will be delivered direct to you.

NOTE:Espress-O-trust can also take over any existing Trust for you to enjoy the same benefit as per the above. We assist with Deregistration of Trusts.

Consultation and advice by a Trust specialist or Attorney

Drafting and Completion of all requisite Trust forms

Trust Deed creation, lodgment and registration thereof with the Master, including payment of prescribed Master fees

Delivery of a Trust working file, including all basic resolutions that may be needed and guidance notes

Registration of Trust with SARS

Creation of Trust bank account

Access to discounted conveyance on property being bought in the Trust

FICA registration

Receive regular updates on changes in any relevant legislation

Enjoy the back-up of our safe custody of all of your initial Trust documents

Enjoy access to our independent Trustee services for a nominal monthly fee (FICA registered & FISA accredited)

BENEFITS OF OUR TRUST

(We offer the following when registering your trust through us)

THE PROCESS STEPS

Complete application form

STEP 1

espress-O-trust will assess if your needs qualify for a Trust

STEP 2

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