Executrust

Two things are certain in life, death and taxes
When last have you reviewed your will?

Perhaps you need assistance with the administration of an estate of a deceased person.

Or perhaps you need help and advice on a curatorship.

Perhaps you are not up to speed with the adverse effects of Capital Gains Tax in a deceased estate.

We offer trust registration and administration and act purely as secretaries for this purpose.

Financial advice is outsourced to a broker of good standing and with whom we have an ongoing relationship, alternatively our client may choose a broker of his/her choice. The founder of the trust must approve the broker prior to us becoming involved with the administration. For the purposes of quorum, we also suggest the appointment of an Auditor that will also be present at any of the Trustee Meetings.

Trust Registration Service:

This service entails the completion of the relevant documents for signature by the Trustees, a consultation with the client and submitting of the relevant documents to the Master of the High Court for the registration of the Trust and appointment of the Trustees.

Fees for the registration of the trust are as follows:

R3 000.00 (Three thousand Rand).
Revenue stamps to the value of R100.00.

Trust administration will entail the following:

The monthly payment of income to beneficiaries, where applicable and in line with the Trust Instrument.
The framing and submitting of Statements.
Registration of the Trust for Income Tax purposes.
Carrying out of instructions by the Trustees from time to time.
Preparation and submission of Income Tax returns.

Fees for Trust Administration are as follows:

7,5% of income derived from a Trust Asset.
1,5% Capital Acceptance fee upon the new assets being placed into the trust for administration.
1,5% Capital Distribution fee upon the effecting of a distribution to beneficiaries, whether in part or in whole.
These fees do not include Value Added Tax (VAT).

ExecTrust Administrators (Pty) Ltd

4 Queens Road Bryanston 2021

P O Box 1663 Jukskei Park 2153

Tel 0860 387 878

Fax 086 500 8850

E-mail info@exectrust.com