In this episode of Beyond Succession, we delve into the world of retirement annuities (RAs) as alternatives to traditional trust structures. While trusts have long been favoured for wealth transfer and asset protection, an increasing number of individuals are turning to retirement annuities for their unique benefits and flexibility.

The discussion highlights the similarities between RAs and trusts, showcasing where these two vehicles intersect and where they diverge.

Audio Clip from 'The Big C'

In this episode of Beyond Succession, we delve into two crucial concepts in estate planning: solvency and liquidity.

Join us as we break down these concepts to their most basic form, explaining their significance in ensuring the smooth transfer of assets and protection of beneficiaries. Discover the potential consequences of insolvency and lack of liquidity, shedding light on the challenges and pitfalls that can arise for your loved ones if these aspects are overlooked. From unexpected tax burdens to delays in asset distribution, we explore the real-life implications and offer insights into mitigating these risks. Learn how proper planning and strategic decision-making can address issues of insolvency and illiquidity, safeguarding your estate and providing peace of mind.

Audio Clip: Schitt's Creek, Season 1 Episode 1

Welcome back to "Beyond Succession"! In this short but heartfelt episode, we express our gratitude to our listeners for their unwavering support as we kick off another exciting season. As we eagerly anticipate the insightful episodes to come, we encourage our audience to shift their perspective on estate planning and succession planning – from daunting tasks to empowering tools for securing the future. Join us as we embark on a journey of exploration and empowerment, delving into the significance of planning for the legacy you wish to leave behind.

Background Music - Lost on Purpose by HoliznaPatreon, Source (Free Music Archive) under license type CC BY-NC-ND.

In this episode of the Beyond Succession Podcast, we explore the essential do's and don'ts that individuals often overlook when setting up and managing trusts.

Trusts can be powerful tools for estate planning and asset protection, but making errors in their creation and administration can have significant consequences.

Join us as we discuss the most common mistakes people make, from altar ego trusts to offshore investments, and learn how to steer clear of these pitfalls to ensure your financial legacy remains secure and your loved ones are cared for as you intend. Whether you're a seasoned trustee or new to the world of trusts, this episode offers valuable insights to help you navigate this complex terrain with confidence.

Audio Clip from Trust - Episode 7.

In this special episode inspired by National Wills Week, we delve into the critical importance of a Last Will and Testament. Join us as we discuss why having a Will is vital, what key aspects to consider, and how it contributes to financial stability and peace of mind for your loved ones. We'll discuss what to consider when creating a Will, from appointing executors, guardians for minors to distributing assets effectively.

But it's not just about individual planning; we also shed light on the broader societal impact. South Africa, like many places, faces a significant number of people without Wills. We discuss why reducing this number matters, not only for individuals and their families but for the entire community.

Tune in for insights on how creating a Will can provide peace of mind and pave the way for a more secure future.

Audio Clip from -

Brooklyn 99 - Season 8 Episode 7.

In this final instalment of our Trust-related series, we bring our exploration full circle by addressing significant changes caused by the recent greylisting of South Africa by the Financial Action Task Force (FATF).

Join us as we examine how global regulations have impacted trusts, emphasising the latest updates like Ultimate Beneficial Owner (UBO) reporting requirements.

We'll also shine a spotlight on the potential advantages of utilising companies as an alternative to trusts, shedding light on critical factors to consider when selecting the optimal financial structure for your needs.

Whether you're a seasoned investor or just beginning your journey into trust structures, this episode is a must-listen to stay informed and make sound financial decisions in an ever-changing world.

Audio Clip taken from The Wire (episode on following the paper trail)

In this enlightening episode of Beyond Succession, we delve into the intricate world of trust taxation and explore the powerful concept of the conduit principle.

Discover the fundamental principles of trust taxation, including how different types of trusts are taxed and the key considerations for trustees and beneficiaries.

One of the highlights of this episode is a deep dive into the conduit principle, a critical concept that allows for tax-efficient distributions from trusts. Learn how this principle enables trusts to serve as efficient vehicles for passing wealth while minimising tax burdens.

Whether you're a financial planner, trustee, beneficiary, or simply curious about the world of trusts and taxation, this episode offers valuable insights and practical knowledge that you won't want to miss.

Audio Clip from the TV Series Trust

Continuing with our Trusts series, in this episode, we delve into the various avenues through which Trusts can acquire assets and explore the potential tax implications, specifically focusing on donations tax. Join us as we delve into the intricacies of asset acquisition within Trusts and unravel the tax considerations that can arise with a brief discussion on Section 7C of the Income Tax Act. Whether you're a trustee or a beneficiary, this episode equips you with the knowledge to make informed decisions when managing Trust assets and ensuring a solid financial future.

Audio Clip -

Trust - Getty Oil Trust Structure Explanation Scene.