Trust Fund - Setup and Costs - Help

[ice_cubes]

No testamentary trusts aren't dissolved when minors reach 18 years...thats the special trusts. Which are an entirely different ball game altogether.


So you manage to avoid estate duty...but end up paying donations tax. Which by some strange coincidence is also at 20%. Plus you manage to miss out on the 160k capital gain deduction on death.
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I think u need to re-read what I post & not just copy & paste. Donation up to 100k are exempt & the balance is a loan account. Which means if you donate your assets, you will donate up to R100k, the balance will then be a loan account.

refer to post #14

 

[ice_cubes]

Seriously ice you need to be more careful giving advice. That advice in the bursary thread was also off.

That response was on the assumption that the gains are interest and/or dividends. You are more than welcome to read the Income tax act.

 

[alqassam]

Bump -

Anyone using trusts for estate planning.

Apparently very good when doing so with high value appreciating assets