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The vast majority of South Africans should not form a family trust. They fall into five categories. So, if you fall into any one of these groups, don’t waste your time, energy and money.

Don’t form a family trust if –

  • You are not expecting to be reasonably wealthy (having income producing investments of R12m upwards) by the age of 65.
  • You don’t care if SARS takes between 32% and 60% of your wealth when you die.
  • You don’t care about protecting your legacy.
  • There is no possibility of your creditors attacking your assets.
  • You cannot afford the fees to pay for a professionally designed Trust Deed.

If, on the other hand, you don’t fall into any of the above categories, then the sooner you get started the better.

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