Trusts
The key purpose of estate planning is to ensure that your estate is distributed according to your wishes and that your loved ones are taken care of after your passing. It also involves planning to reduce taxes, legal fees, and court costs.
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Taxation of trusts in South Africa is a critical aspect of managing these legal entities, both for financial planning and legal compliance. Understanding these tax laws is essential for anyone involved in personal financial planning or managing a trust.
Trusts serve multiple purposes: they can protect assets, ensure that they are distributed according to the wishes of the person who sets up the trust (the settlor), and offer potential tax advantages.
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