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Shillyboy Mothiba
South Africa
Registrace 24. 02. 2020
Tax Advisor: Individuals | Trusts | Family-Owned Businesses
WhatsApp 074 589 64 39
WhatsApp 074 589 64 39
Video
Why do you need a professional trustee?
zhlédnutí 31Před měsícem
Why do you need a professional trustee?
What to consider before moving assets to a trust.
zhlédnutí 92Před 2 měsíci
What to consider before moving assets to a trust.
When last did you update nominated beneficiaries?
zhlédnutí 9Před 2 měsíci
When last did you update nominated beneficiaries?
What to consider before forming a trust.
zhlédnutí 132Před 3 měsíci
What to consider before forming a trust.
Estate Planning Live Session Every Friday at 10:00 am @ YouTube
zhlédnutí 25Před 5 měsíci
Estate Planning Live Session Every Friday at 10:00 am @ CZcams
Non-resident doing business in South Africa
zhlédnutí 91Před 5 měsíci
Non-resident doing business in South Africa
We thought of transferring ownership to the Trust: 1. So our children have security, primary house that they cant share with their spouses should they divorce 2. To protect the primary home from 2nd spouses should any if us remarry upon the death of one of us. Whats better? 1. Transfer now before the value if the house is much higher? 2. Or transfer upon death? Challenge will be transfer costs costs as most estates don't have hard cash.
We thought of transferring ownership to the Trust: 1. So our children have security, primary house that they cant share with their spouses should they divorce 2. To protect the primary home from 2nd spouses should any if us remarry upon the death of one of us. Whats better? 1. Transfer now before the value if the house is much higher? 2. Or transfer upon death? Challenge will be transfer costs costs as most estates don't have hard cash.
Very informative. Thank you for sharing🌻.
What happens if the property i want to move to a trust are not financed? Will that be considered donation?
How much does Intergen charge to set up and manage a trust for this purpose of moving assets into the newly established trust?
So are you saying if I nominate my child to be the only beneficiary of my assets and life policies they won't have access to them until they turn 18? The guardian can chow them or even the government guardian fund their managers may chow it.
I think I need it for estate planning purposes but I think it is expensive to create and maintain monthly
It sounds like having a trust is expensive and needs people with enough monthly cash flow to maintain it.
Hi. How much does it cost to do a living trust and if I wanted to transfer assets into that trust will I need to pay monies to SARS? Are there monthly costs to maintain the trust or is it a yearly cost?
Thanks for these nuggets of knowledge, keep it up, we need to know more about these types of topics
1. To put assets in trust, 2. Our family not to deal with estate upon our death 3. Protect our kids inheritance from future spouses.
I wanted a trust because i wanted to start a business and did not want the business asset to be mixed with personal assets
I like this. So far, are you happy with a decision made? What have been lessons learned practically?
Ahw thank you so much Shillyboy. I remember in one of your networking sessions asking when last did the people with trusts read their trust deed and the popular response was "I only received it the day I opened a trust and never read it ever since". It is really important to understand these contracts as sometimes you would be acting against the contractual agreement, without you even knowing. Enkosi bhuti
Does moving properties from personal name to trust or company name have tax implications?
Yes it does. You may be exposed to Donations Tax at 20% unless you structure it differently. There may be CGT considerations also if values moved up over time
@@lesterm007Eish that's bad. I want to move my properties into a trust but it seems it is much more expensive to do it than I anticipated
Thank you so much
Thanks for sharing. I have 3 properties with life covers linked to them...can I change this and have one umbrella cover that can cover these as you suggests?
Can the widow’s allowance be diverted to a juristic person, a trust or be split between family members as a means of distributing income & reducing tax liabilities? Can the widow’s allowance be paid as a lump sum?
If someone moves and leaves SA.... We do a residency test 1st based on days and see the number of days he spent in the republic, in most cases they won't need to pay tax in the republic.
When is the next 1st Monday of the month TaxEdu going to be live?
Mr Mothiba, do you do coaching or mentorship and how do I get hold of you?
Yes, I do. Send me WhatsApp 074 589 64 39
How do I reach out to you for consultation? I’m in the process of buying a property, and am considering registering a trust
Hi, my WhatsApp number 074 589 64 39 or email shillyboy@taxedu.co.za
Very educational
Thank you for the information, many of us needed to hear this.
🤔 *PromoSM*
Thank you so much for this valuable information @Shillyboy.
Ba ga Mothiba, le kae naa? I have 2 friends we would like to invest jointly in property, do we have to go the Company route or how best can we do this?
Going to view properties, I take my daugter (11) with me
AMEN 🙏🏿 ❤
Thank you for the information. I am becoming a big fan of your content 👌
Shillyboy in which province are you based? I need your expertise
You can email me on shillyboy@taxedu.co.za or WhatsApp 074 589 64 39. We can talk virtually. We will have to do a consultation.
Evening Chilliboy. I would like to venture in properties as a re-skill career. Can I transfer the primary property I have currently to the company?
You are welcome to book a consultation with us. WhatsApp 074 589 64 39
Great video
Do you have other content where you go into details with this concept?
Thank you shillyboy interesting topic.
Great content keep up the good work
you just earned a sub 👌🏾❤️ great video btw.
Well done my brother
What's this lovely show called btw
Thank you sir where else can one watch more of your wisdom and learn more
This sounds so interesting
Im curious what is a family office and family bank btw
My dad wants to transfer his paid up property into a trust fund, what are the steps?
Please WhatsApp me 074 589 64 39
Good day Shillyboy, do you do personal income tax?
Yes, we do. Send me WhatsApp 0745896439
This is what I've always wanted some insight as to how Rupert does it❤
We are glad you got it. How can we assist you going forward?
@@shillyboymothiba9547 As soon as something comes up in my mind I'll ask.
Trust compliance is interesting 🧐
Very much so.
Evening Sir great content as always 👌🏾
czcams.com/video/akANqww_QQw/video.html !!
Can you move properties that are still under the bond with a bank that obtain using your personal name?
This may be difficult. The trust may need to be creditworthy in its own right then it applies for a new bond to "buy" the asset from you. Other than that i dont think so. Do tell if you also find a way around it also. 🙂
I am in the same situation as Mr X, can you please assist with structuring ?
Yes, I can help you. WhatsApp me on 0745896439.
I guess because I have been renting out my once upon a time primary residence for 2 years, the R2M has fallen off. If want to transfer to a company, what would the next step and costs involved?
Please WhatsApp me on 0745896439