Ronel Talks Money: Demystifying Trusts


In this Ronel Talks Money interview we demystify trusts. Can a trust work for you? Can you use a trust structure for tax savings? What are the types of trusts? How to set-up a trust? And lots more…

In this interview I talk to Phia van der Spuy, CEO of Trusteeze (Pty) Ltd. Phia is a Chartered Accountant with a Masters degree in Local and International Tax, a registered Fiduciary Practitioner of South Africa®, a Master Tax Practitioner (SA)™, a Trust and Estate Practitioner (TEP) and the founder of Trusteeze®, a professional trust practitioner. Phia also published a book called “Demystifying Trusts in South Africa”, to educate all role players in a trust. Trusteeze offers digitised trust administration and accounting services. 

A few of the questions we answer in this interview:

  1. Explain to us in layman’s terms what is a trust?
  2. What are the pros and cons of trusts?
  3. What are the legal requirements you need to be aware of?
  4. Briefly explain the different types of trusts?
  5. How would you typically set-up a tax structure?
  6. What is the process you need to follow to register a trust?
  7. What type of costs are involved?
  8. What are the accounting / auditing requirements?
  9. Would a trust require a separate bank account?
  10. Tell us about the tax implications?
  11. If you have a trust but don’t have children, what will happen to your trust when you pass away?
  12. If you decide to immigrate, what will happen to your trust?
  13. If you realise you made a mistake setting up your trust or the landscape changes and it is no longer beneficial to you, how do you rectify it?
  14. Trusts can be complicated, where can you typically obtain sound advice to set-up and administer a trust?

Recent ‘Ronel Talks Money’ interview: Forex Trading

Related online course: Master Investments 101


To connect with Phia van der Spuy & Trusteeze

Website: https://trusteeze.co.za/


Ronel Talks Money Forex Trading

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