For centuries Trusts have been used to create and preserve
wealth. When understanding wealthy people and wealth
structures, you will notice the day they die, they have
‘nothing’, but during their lifetime they
were entrusted with a lot.
Many
investors have a vague idea that a trust is a good thing
to have, but they do not realise that there is a huge
difference between HAVING a trust and USING a trust
correctly. If you do not manage your trust
correctly, and there is a personal claim against you,
the court might declare your trust invalid and you will
be personally liable for the claim. In this way you
might lose all the assets in your mismanaged trust.
To
assist our members in understanding how a trust works
and enabling them to manage a trust correctly, P3 has
developed a TRUST MANAGEMENT KIT which consists of the
following:
| 1 |
What
is a trust? |
| 2 |
Why
use a trust instead of a close corporation or company? |
| 3 |
How
can a trust protect your assets? |
| 4 |
How
do you have to structure a trust to protect your
assets? |
| 5 |
Which
types of trust are there and what are their differences? |
| 6 |
What
are the advantages of trusts? |
| 7 |
What
are the disadvantages of trusts? |
| 8 |
How
do you set up a trust? |
| 9 |
Who
are the role players in a trust? |
| 10 |
What
are the duties of trustees? |
| 11 |
How
do you manage a trust? |
| 12 |
How
do you terminate a trust? |
| 13 |
How
are trusts taxed? |
| 14 |
Frequently
asked questions about trusts. |
The complete P3 TRUST MANAGEMENT
KIT is available on CD to P3 club members at only R570-00. Non P3 members pay R740-00. VAT and postage is included.
To order your kit simply email Mia at mia@hope.co.za |
