Counsel of the wolf

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[Counsel of the wolf @KingCuster_M]

Here is a Step by Step Guide on How to Open a Trust in South Africa (With Fees Included!): Thread

[Counsel of the wolf @KingCuster_M]

@HopeTheSNIPER That’s painful 😥

[Counsel of the wolf @KingCuster_M]

@Ke_Arturo @ChrisExcel102 There's a legend here who's just reading comments without saying anything howzit Boss??

[Counsel of the wolf @KingCuster_M]

@winnifred2424 What type of business is she still operating with the ex?

[Counsel of the wolf @KingCuster_M]

Day 155 of Keeping Fit 💪🏽

[Counsel of the wolf @KingCuster_M]

Where to Go for Help?

✅ Master of the High Court – for trust registration.
✅ Lawyers & Estate Planners – to draft the trust deed.
✅ Financial Advisors & Banks – to manage investments inside the trust.

[Counsel of the wolf @KingCuster_M]

Here is a Step by Step Guide on How to Open a Trust in South Africa (With Fees Included!): Thread

[Counsel of the wolf @KingCuster_M]

6️⃣ Open a Bank Account for the Trust

✔ This account is used to manage trust funds separately from personal finances.
✔ Most major banks in South Africa offer trust accounts.

[Counsel of the wolf @KingCuster_M]

5️⃣ Get a Tax Number for the Trust

All trusts must be registered with SARS for tax purposes. This allows the trust to legally hold and grow assets.

💡 Tip: A tax consultant can help ensure compliance and avoid penalties.

[Counsel of the wolf @KingCuster_M]

4️⃣ Register the Trust (R250 Fee)

To make it official, you must register the trust with the Master of the High Court in your province.
✔ Submit the trust deed, trustee IDs, and proof of payment (R250).
✔ Offices are in Johannesburg, Pretoria, Cape Town, Durban, and other major cities.

[Counsel of the wolf @KingCuster_M]

3️⃣ Appoint Trustees

The trustees manage the trust’s money and ensure it’s used correctly.
✔ You need at least one independent trustee (someone who is not a beneficiary).
✔ Trustees can be family members, a lawyer, a financial advisor, or a trust company.

💰 Cost: If you appoint a professional trustee, expect to pay between R500 – R2,000 per month for their services.

[Counsel of the wolf @KingCuster_M]

2️⃣ Draft a Trust Deed (R2,000 – R20,000)

This is the legal document that sets out the trust’s rules, such as:

Who will benefit from the trust?

How will the money be managed?

When can beneficiaries access the funds?

💼 Where to go: A lawyer, estate planner, or trust specialist can draft this for you.

[Counsel of the wolf @KingCuster_M]

1️⃣ Choose the Type of Trust

There are two types of trusts in South Africa:
✔ Living Trust (Inter Vivos Trust): Created while you’re alive to manage assets for your family.
✔ Testamentary Trust: Created in your will and only comes into effect when you pass away.

💡 Best for protecting wealth, funding education, or ensuring responsible financial management for loved ones.

[Counsel of the wolf @KingCuster_M]

@PR0GRAMMERHUM0R The President Is Cooking😂

[Counsel of the wolf @KingCuster_M]

@fynRuthie Being Pastor 🤣🙏

[Counsel of the wolf @KingCuster_M]

Morning Session 🏋️ #zelena #LOLFanFest2025 #SB19DAM

[Counsel of the wolf @KingCuster_M]

"Don't worry na, we go make payment arrangements in the store room"

[ChrisExcel @ChrisExcel102]

“Card declines” 💳

Zanzou Cashiers:

[Counsel of the wolf @KingCuster_M]

🏃‍♂️ Gym O’clock 📍

[Counsel of the wolf @KingCuster_M]

Smile 😃 of a winner 🏆

[Counsel of the wolf @KingCuster_M]

@DearS_o_n Amen

[Counsel of the wolf @KingCuster_M]

@Ms_Logical I have no any further questions your worship