espressOtrust

FLOW CHARTespressOtrust and espressOwill flow chart, and types of trusts, based on financial risk.

E S P R E S S O T R U S T

ESPRESSOWILL & ESPRESSOTRUST WILL FLOW CHART

DO YOU HAVE A TRUST?

IS MY ESTATE WORTH MORE THAN R 3 .5 MILL ION (OR R7 MILL ION FOR SPOUSES COLLECTIVELY) , INCLUDING ALL ASSETS, POLIC IES, PERSIONS, ETC OR DO I EXPECT IT TO GROW TO IT OR DO I HAVE A BUSINESS VENTURE?

SPEAK TO YOUR

F INANCIAL ADVISOR

REGARDING THE ATTOOH!

ESPRESSO WILL AND

RELATED BENEFITS .

DID THE SAME PERSON DRAFT MY WILL AND TRUST DEED? HAVE I CHECKED MY TRUST DEED FOR VAL ID ITY? IS THE TRUST DEED OLDER THAN 2001? D ID I MAKE THE IN IT IAL DONATION? DO I AS TRUSTEE UNDERSTAND WHAT MY RESPONSIB IL IT IES ARE? AM I NOT RELYING ON MY ACCOUNTANT AND ATTORNEY TO RUN MY TRUST? DO I AS TRUSTEE KNOW THAT I CAN BE HELD PERSONALLY L IABLE? IS MY TRUST ADMINISTRATION UP TO DATE? DO I HAVE RESOLUTIONS FOR TRANSACTIONS OF THE TRUST? D ID I OPEN A BANK ACCOUNT FOR THE TRUST? IS MY TRUST REGISTERED FOR TAX? IS MY INSURANCE PORTFOLIO CONSOLIDATED INTO MY TRUST?

WELL DONE! YOU ARE PART OF ONLY 5% OF PEOPLE WHOSE TRUSTS ARE VAL ID AND WHOSE TRUST MATTERS ARE IN ORDER. DO YOU ST ILL HAVE LARGE ASSETS IN YOUR PERSONAL NAME THAT YOU ST ILL HAVE TO TRANSFER TO THE TRUST/S , BUT WILL TAKE A WHILE TO TRANSFER?

CONSIDER THE ATTOOH! ESPRESSO WILL AND RELATED BENEFITS OFFERING, WHICH COMPLIMENTS YOUR CURRENT TRUST/S . ENSURE YOUR WILL COMPLIMENTS YOUR CURRENT TRUST/S .

SPEAK TO YOUR

F INANCIAL ADVISOR WHO

CAN GUIDE YOU THROUGH

THE PROCESS FLOW.

SPEAK TO YOUR

F INANCIAL ADVISOR WHO

CAN GUIDE YOU THROUGH

THE PROCESS FLOW.

NO IMMEDIATE ACTION

REQUIRED

YES

YES

YES

YES

NO

NO

NO

NO

TYPES OF TRUSTS, BASED ON FINANCIAL RISK

Family Trust(Wealth Protection Trust)

Share Trust(Wealth Creation Trust)

Property Investment Trust(Wealth Creation Trust)

NO RISK TRUST MILD RISK TRUST RISK TRUSTFeatures:• No liabilities• No debt• No creditors• No sureties• Growth in trust

Features:• No liabilities• No debt• No creditors• Sureties• Growth in trust

Features:• Liabilities• Debt• Creditors• Sureties• Growth in trust• Tax advantages

This trust should own paid-up/unencumbered private assets:• Motor vehicles• Furniture• Cash• Investments• Life insurance• Art & carpets• Equipment• Jewellery

This trust should own:• Shares • Members interest

This trust should own encumbered assets:• Income generating

properties• Capital growth properties

Business Trust(Wealth Creation Trust)

Testamentary Trust(Only if you do not have your

assets in existing trust and have minor children)

RISK TRUST NO RISK TRUSTFeatures:• Liabilities• Debt• Creditors• Sureties• Growth in trust• Tax advantages• Asset separation from

business

Features:• No liabilities• No debt• No creditors• No sureties• Assets for benefit of minors

This trust should own assets held for business purposes:• Motor vehicles• Furniture• Equipment

This trust should own paid-up/unencumbered assets:• Mainly Cash• Investments

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