Never stop Louis one day we need to point future generations to you and say there's the oke we're grateful for knowing otherwise government would've taken half your inheritance
Hi Louis, You mentioned that the cost of administration for the trust is around R500 but you didn't mention which companies offer such services. I have been looking online and its kind of hard to get this so please help
Good job with this video. A problem I find very often is the fact that people use trusts as their alter ego and then once the corporate veil is pierced all the effort of setting it up is undone. So if I can add a tip… If you are a founder of a trust and are only a trustee it’s no longer your asset, it belongs to the beneficiaries
Hi Louis, I just wanted to express my gratitude for listening to your community and producing this highly requested video. You deserve many more subscribers. As an emerging property investor, this information is incredibly valuable to both me and my girlfriend. Thank you.
Thank you very much for your comment. I really appreciate it. Im glad I can help and cover necessary and important topics. Im here to give back. Thanks for supporting the channel 💪🏻
Thank you for this. It's clear to me why you'd rather get help than do it yourself, the expenses in fuel, food & time to collect & file those requirements is worth the fees yho...
Absolutely, and when you doi it yourself the first time you are bound to make a mistake. Those mistake are very expensive. Especially when it comes to the deed drafting
I watch all of your videos within a day of release. Very informative for an ordinary folk or those who are in the property profession. Keep up the good work
You can browse around inu my real estate playlist. There are many videos covering this topic. Feel free to comment on those videos if you still have questions
Great video (and channel), I must thank you for all the help you provide to the community! I see you the trust was setup by Prosperity Enterprises, so I assume you are happy with the services they provide? Are there any other similar companies you have worked with before?
Thanks for the support. Yes absolutely, they are really good at what they do. You can reqch out to them and use my name as refference. I only recommend companies I use myself 💪🏻💪🏻
The course was good but more of a high level view. Your sheet that you provide for analysing deals is probably the best take away as well as the section on trusts. Is it possible to release a YT video or update the course to delve deeper into the financial breakdown of fees/costs and how you are using it with a little more detail. Thanks Louis :-)
Thanks for your comment and the possitve feedback on the course. Glad you can learn. Ill look into a breakdown video in the future. Thanks for showing up . All the best 🏆 👍
Thanks for making the trust video we asked for ! Listening to your audience and delivery cool interesting content. Btw - do you have a link to your excel numbers template for calculating puchases
Love watching and learning from your channel...We made contact with Jaco Globbelaar he was on your show before to help us with our set up...Keep informing us.1💚✌🏾😇👑☀️🇿🇦
Setup a Company within a trust. He literally said it in this video. “Donations tax to the company and it’s an easy way to move money from your personal name into the trust.” If you do the math, he has a company in a trust. 5:07
Can you also make a video describing how a trust work? For example you are owning these properties and we all understand how that works. But what will change once the properties are no longer in your name? Or is it business as usual and nothing changes at all?
Thanks for the suggestion. Ill try to look into a video where I cover this. You can still be a trustee of the trust meaning you have control of it but you dont own it in your own name
@louisreynhardt I once heard another trust expert saying that I can be the only person in a trust. Meaning I will be the founder as well as the only trustee. He said as long as I'm not also the beneficiary there is nothing wrong legally with me being the only member of the trust. Is it really so?
When you use the rigght company they set it up in a way that you dont have to name the trustees. Reach out to Prosperity Enterprises and use my name as reference. They will give you the best advice.
Who can we use to set up a trust? if a property is in a trust I can never occupy it, right? when I buy a property in a trust can i as an individual get financing or does the trust loan it ? If so how does a trust borrow money ?
You can watch this video for some extra guidance : ruclips.net/video/J-mPjKYrs9M/видео.html You can also use Prosperity enterprises for the trust setup. This is the Comoany I use. You can use my name as refference 💪🏻
Hi Louis, can you advise on a trust company? Also, saving for the next property, can you advise how best to save this Money. Want to buy the property cash in the next 3 to 4 years...
Absolutely, I use and recommend Prosperity Enterprises. You can google them and use my name as Reference. It really depends on your income but generally if you can save a large amount, you can save it in acess bond or a moneymarket account. Feel free to consider my property course ⬇️ To secure your spot, simply click payhip.com/LouisReynhardt and follow the easy registration process.
It's worthwhile starting with no assets. Remember you grow your assets with time. Imagine driving through town waiting for all the robots o be green. You will never get to your destination if you keep waiting.
Hi Louis, really appreciate your channel. I hope you can give some advice as I am an International buyer, have identified and had an offer accepted on a property in my first step to building a portfolio in SA (KZN) between myself, business partner and wife. We do plan on returning down there in about 5/6 years from Europe. As the property we have agreed upon is an Investment, I’d like to ask the best route/vehicle to manage it, and figured that a Trust would be the best route to go. Are there any restrictions for International’s to get a Trust and how do I go about getting a SARS number and also any recommendations on Bank Account ? I will be coming to SA in person in November to complete the purchase.
Thank you for supporting the channel. I wish i could give you a simple answer but I would suggest reaching out to my accountants You can use my name Louis as refference. They will be able to give you the exact details you need. Heres a link Prosperity Enterprises 010 285 0549 g.co/kgs/hFmboJW
So once the Trust is set up/up and running you will not have a say as to how the Trust is managed but it will be managed by the trustees? Am I getting this right?
Thanks for watching. Yes it is. You will have to sell it to your trust which will incur transfer and registration cost. Or there is something known as a section 43 asset for share transfer If you want to use a company
What is the ball park cost for setting up a trust? I’ve had law firms quote me 10k for a trust that will hold assets valued at less than R200k in value
You can still have your normal personal accounts, and you will have one for each entity. So if you have one trust ( property trust) you will need one account for that trust.
Do you mean in your personal name ? Or in different entities. The bank accounts itself doesnt really matter, but the different entities are what gives you protection.
It will still be active, but remember you have to submit your taxes every year for the trusts and have financial statements. I would suggest reaching out to an accountant to find out what needs to happen.
Great vraag, daar is nie veel oor eiendom nie maar ek sou se RICH DAD POOR DAD RICH DAD POOR DAD CASH FLOW QUADRANT Enige of al brandon Turner se boeke van bigger pockets. Boeke van Jason Lee.
Is it possible to find your late fathers living trust when all he did was tell you and you don’t have the trust name or number.i think the surviving spouse is doing crazy things including buying a Lamborghini and closing my children out fraudulently.
It just makes your bussiness more anonymous which gives you some extra protection. You can include your personal details. I just choose not to. Hope it helps 💪🏻
I'm trying my best to cover the knitty gritty. It's not always easy, but I hope it helps 🏆
Never stop Louis one day we need to point future generations to you and say there's the oke we're grateful for knowing otherwise government would've taken half your inheritance
Appreciate this comment so much. Thanks for the support my friend 💪🏻
Thanx for your guidance, keep up the good work!
Can you provide the name of the company that you used to create your Trust please
Hi Louis, You mentioned that the cost of administration for the trust is around R500 but you didn't mention which companies offer such services. I have been looking online and its kind of hard to get this so please help
Proper content hope the youth is taking notes✅
Thanks my friend appreciate the comment 🙏🏻🙌🏻
I’m 27 don’t know if that counts 😅
Giving away tips that you could normally only get from friends parents who are wealthy
Right !!
oh yes I am
I asked for this in the previous video and it's here.wow that was super quick.thank you.
Thanks for watching my friend. Im glad I can help. 😁🙌🏻😎
Good job with this video. A problem I find very often is the fact that people use trusts as their alter ego and then once the corporate veil is pierced all the effort of setting it up is undone. So if I can add a tip… If you are a founder of a trust and are only a trustee it’s no longer your asset, it belongs to the beneficiaries
Thanks for sharing. 💪🏻💪🏻
Hi Louis,
I just wanted to express my gratitude for listening to your community and producing this highly requested video. You deserve many more subscribers. As an emerging property investor, this information is incredibly valuable to both me and my girlfriend. Thank you.
Thank you very much for your comment. I really appreciate it. Im glad I can help and cover necessary and important topics. Im here to give back. Thanks for supporting the channel 💪🏻
Hi Louis what company can I use to help me set up my trust any idea I'm located in Cape town
From the U.S, but this was very well explained and helped clarify a lot of questions I had here in the states.
Great info as always. I think the perfect video to accompany this one would be a video on last will and testaments. Thank you Louis
Thanks for watching. I will consider making a video about this eventually 🙌🏻😁 thanks for the suggestion 🙏🏻
That’s actually a good idea. I’d be interested in that
Thank you for this. It's clear to me why you'd rather get help than do it yourself, the expenses in fuel, food & time to collect & file those requirements is worth the fees yho...
Absolutely, and when you doi it yourself the first time you are bound to make a mistake. Those mistake are very expensive. Especially when it comes to the deed drafting
Thank you for this information. Before today i knew zero about trusts. Subscribed!
Welcome to the channel. Glad you can learn here. All the best.
A man of his word 👊🏽
Offcourse 🙌🏻🙌🏻🏆🏆😁
Thanks Louis. It sounds very complicated but once one has figured it out I'm sure ut gets easier
Absolutely, and that's why it makes sense to use a professional to guide you through the whole process.
We are really learning a lot from you man. Thank you so much for always delivering great content🙏🙏🙏🙏
Pleasure my friend. I'm glad you can learn. Thanks for supporting the channel 💪🏻 🙌🏻
@@louisreynhardtanytime Louis, you always deliver premium content I swear🤞👌👌👌
@thulilekubheka5923 🙏🏻🙏🏻🙏🏻🙏🏻
I watch all of your videos within a day of release. Very informative for an ordinary folk or those who are in the property profession. Keep up the good work
Thanks for showing and learning my friend. Well done. Appreciate the support 🙏🏻 🙌🏻
@@louisreynhardt you are welcome. Trust me as a Professional Land Surveyor and an aspiring real estate Practitioner, I find this very useful
Thank you so much for the content! Please explain in another video why you use a trust when purchasing property.
You can browse around inu my real estate playlist. There are many videos covering this topic. Feel free to comment on those videos if you still have questions
The video I have been waiting for. Hope you well Mr Reynhardt
Thanks for showing up and supporting the channel 💪🏻 🙏🏻🙌🏻
I love your content
Thanks for watching 💪🏻 💪🏻😎
Awesome content
Thanks for watching 🤙🏻🤙🏻🥇🥇
Good staff my friend, we always get these overseas videos talking about trusts...but in our context in RSA...its been a blur to me until now.
I'm so glad to hear it helps. Thanks for supporting the channel 💪🏻 🙌🏻
Your content is top tier
Appreciate this 🙏🏻 🙌🏻
Thank u for the SA context
Huge pleasure 🙏🏻
Thank you again
Pleasure my friend 👊🏻 😎
Always coming through with that content 👌
Pleasure my friend 👊🏻 😎
Do you have a video on the benefits of trusts? I looked, but maybe I missed it.
Maybe you can start with this video ruclips.net/video/Ggym4H_CL7Y/видео.html
Hi Louis. Do you have a video of how one attaches a trust to a company and what sort of company works best I.e CC or PTY?
Not at the moment. I will try to include this in a future video. Thanks for watching. All the best.
Hi Louis. Can you recommend any companies to assist with Trust Registration. Thank you.
Great video (and channel), I must thank you for all the help you provide to the community! I see you the trust was setup by Prosperity Enterprises, so I assume you are happy with the services they provide? Are there any other similar companies you have worked with before?
Thanks for the support.
Yes absolutely, they are really good at what they do. You can reqch out to them and use my name as refference. I only recommend companies I use myself 💪🏻💪🏻
Thanks Louis, just had a discussion about this very topic this morning.
Pleasure my friend. Glad it helps. Feel free to let me know if you have any questions 💪🏻💪🏻
Thanks will do.
Wow, quite a lot of information. To me trust's mainly make sense if one has a lot of high value assets.
Absolutely, but it can also be a great way to grow your assets . Thanks for your comment.
Thanks Louis this was very informative
Thank you for watching 🙏🏻😎
I knew it was coming thanks
Pleasure my friend 👊🏻 😎
The course was good but more of a high level view. Your sheet that you provide for analysing deals is probably the best take away as well as the section on trusts. Is it possible to release a YT video or update the course to delve deeper into the financial breakdown of fees/costs and how you are using it with a little more detail. Thanks Louis :-)
Thanks for your comment and the possitve feedback on the course. Glad you can learn. Ill look into a breakdown video in the future. Thanks for showing up . All the best 🏆 👍
Thanks!
Pleasure my friend 👊🏻 😎
Best video ever, please also tell us the importance of a life cover and the importance of linking it to the trust fund, if you can please.
Great idea. I will look into this.
Search for Louis Reynhardt life insurance to watch a video I made about life insurance
Louis Reynhardt, top man! I subscribe already on your channel👍
Awesome thanks for the support 🙏🏻
Thanks so much for this
Huge pleasure my friend 🏆🏆
Thanks for making the trust video we asked for ! Listening to your audience and delivery cool interesting content. Btw - do you have a link to your excel numbers template for calculating puchases
Pleasure my friend. Thanks for supporting the channel. You can pop me an email at louisreynhardt@gmail.com 👊🏻
Many thanks Louis, your videos are always informative. 🤝
Appreciate the comment my friend 🙏🏻😎😁
Thank you so much for information shared Louis,🍻
Pleasure my friend 👊🏻 😎
Love watching and learning from your channel...We made contact with Jaco Globbelaar he was on your show before to help us with our set up...Keep informing us.1💚✌🏾😇👑☀️🇿🇦
Thanks so much for watching. I'm glad Jaco could help you. You have the right people on your team. All the best 💪🏻
Very educative
Thanks my friend 👊🏻 😁
Jy is my hero! Dankie BAIE!! 👏👏
My plesier. Eks bly die videos kan help 🙏🏻
Thanks man appreciate this life changing information
Pleasure my friend 🏆 share it with people you know will benefit from the info
Thank you . Much appreciated.
Pleasure my friend 🏆
Great content!!! I have two video suggestions; Owning properties in a trust versus a company. And ; same video like this one just setting up a CC.
Setup a Company within a trust. He literally said it in this video. “Donations tax to the company and it’s an easy way to move money from your personal name into the trust.” If you do the math, he has a company in a trust. 5:07
@@Ethansays got that part, what I mean is creating solely a trust and solely company. Not a combination.
Thanks for watching. I will look into these topics. Thanks for the suggestions 👊🏻💪🏻
Can you please make a video on how to make a traveling agency
Thanks vut this is not reall part of my niche on the channel.
@@louisreynhardt l understand that thank you
Can you also make a video describing how a trust work? For example you are owning these properties and we all understand how that works. But what will change once the properties are no longer in your name? Or is it business as usual and nothing changes at all?
Thanks for the suggestion. Ill try to look into a video where I cover this.
You can still be a trustee of the trust meaning you have control of it but you dont own it in your own name
@louisreynhardt I once heard another trust expert saying that I can be the only person in a trust. Meaning I will be the founder as well as the only trustee. He said as long as I'm not also the beneficiary there is nothing wrong legally with me being the only member of the trust. Is it really so?
@ntsokolomemani3874 that is correct. You can also be the beneficiariy as long as the trust deed stipulates everything correctly
Thank you bud! Appreciate your content!
Thanks for watching brother. Appreciate the support 🙏🏻
Powerful information , thank you
Pleasure my friend 👊🏻 😎
The video I always wanted
Glad this helps 🙏🏻 😎
your a G, thanks
Thanks my friend 👊🏻
Great video
Thanks for watching 💪🏻💪🏻
Great content, thank you Louis!
Appreciate the feedback, thanks for watching 💪🏻
Proper great content
Thanks for watching 💪🏻 🙏🏻
Amazing content
Thanks for watching 💪🏻
Thank you very much, this is very informative and important. Sibonge
Thanks for watching. Appreciate the support 🙏🏻 🙌🏻
What is the pros and cons of buying into a trust?
I would suggest watching this video 💪🏻 ruclips.net/video/Ggym4H_CL7Y/видео.html
Any recommendations as to companies to use to set up a trust
I use and recommend Prosperity Enterprises. You can use my name as reference , feel free to reach out to them
Thanks my man. This is gold
Appreciate it my friend 🙌🏻🙌🏻😎
What are the costs involved in forming a trust? Are there people you can recommend if one wants to establish a trust?
Absolutely, google "Prosperity Enterprises " use my name as refference. This is the company I use and trust
Please share the company that help you set up your trust
I use and recommend Prosperity Enterprises. You can use my name as reference , they are very good at what they do 🏆
I would like to know which company helped you set up this trust
I use and recommend "Prosperity Enterprises" you can use my nsme as reference when reaching out.
Good content 👌🏽
Thanks for your comment. Appreciate the support 🙏🏻
Hi Louis, can you provide us with the name of the company you used to setup you Trust
Absolutely, I use Prosperity Enterprises. Youo can just google them and use my name as Reference
Can I start this alone and on board people afterwards?
When you use the rigght company they set it up in a way that you dont have to name the trustees.
Reach out to Prosperity Enterprises and use my name as reference. They will give you the best advice.
Who can we use to set up a trust? if a property is in a trust I can never occupy it, right? when I buy a property in a trust can i as an individual get financing or does the trust loan it ? If so how does a trust borrow money ?
You can watch this video for some extra guidance : ruclips.net/video/J-mPjKYrs9M/видео.html
You can also use Prosperity enterprises for the trust setup. This is the Comoany I use. You can use my name as refference 💪🏻
Hi Louis, can you advise on a trust company? Also, saving for the next property, can you advise how best to save this Money. Want to buy the property cash in the next 3 to 4 years...
Absolutely, I use and recommend Prosperity Enterprises. You can google them and use my name as Reference.
It really depends on your income but generally if you can save a large amount, you can save it in acess bond or a moneymarket account.
Feel free to consider my property course ⬇️
To secure your spot, simply click payhip.com/LouisReynhardt and follow the easy registration process.
Hi, what would you say your net income and value of assets should be t for this to be worthwhile?
It's worthwhile starting with no assets. Remember you grow your assets with time. Imagine driving through town waiting for all the robots o be green. You will never get to your destination if you keep waiting.
Understand, but is there a minimum amount of money or salary that one needs to have before setting up a trust? @@louisreynhardt
can trustees be beneficiaries ??
Yes they can 💪🏻💪🏻
What Company did you use to set up the trust?
Hi, can you ''transfer'' the house you are currently paying for at the bank into the trust?
Yes, you can, but you will have to sell the property to the trust, so there will be transfer and registration cost involved.
Can you transfer a property you haven’t fully paid into a trust?
Yes absolutely, but It will have to be sold to the trust meaning there will be conveyancing cost involved.
Can a founder be part of the beneficiaries?
Thanks for the Great content.
Yes , they can 💪🏻💪🏻
Hi Louis, really appreciate your channel. I hope you can give some advice as I am an International buyer, have identified and had an offer accepted on a property in my first step to building a portfolio in SA (KZN) between myself, business partner and wife. We do plan on returning down there in about 5/6 years from Europe.
As the property we have agreed upon is an Investment, I’d like to ask the best route/vehicle to manage it, and figured that a Trust would be the best route to go.
Are there any restrictions for International’s to get a Trust and how do I go about getting a SARS number and also any recommendations on Bank Account ? I will be coming to SA in person in November to complete the purchase.
Thank you for supporting the channel. I wish i could give you a simple answer but I would suggest reaching out to my accountants
You can use my name Louis as refference. They will be able to give you the exact details you need.
Heres a link
Prosperity Enterprises
010 285 0549
g.co/kgs/hFmboJW
So once the Trust is set up/up and running you will not have a say as to how the Trust is managed but it will be managed by the trustees? Am I getting this right?
Yes rhats correct, but you can be one of the trustees effectively controlling it but not owning the assets in your own name
what is the name of company you used
I use and recommend Prosperity Enterprises. You can use my name as reference
Hi Louis,
Thanks for the great information. Is it possible to transfer ownership of a house into a trust if you’ve bought under your name?
Thanks for watching. Yes it is. You will have to sell it to your trust which will incur transfer and registration cost. Or there is something known as a section 43 asset for share transfer If you want to use a company
Thanks so much
Hi Louis, what company/professional did you use to register your trust?
I use and recommend Prosperity Enterprises. You can use my name as reference 👊🏻😎
What is the ball park cost for setting up a trust? I’ve had law firms quote me 10k for a trust that will hold assets valued at less than R200k in value
Would you say it is advisable/required to be a trustee as the founder of the trust ?
Yes Absolute, specifically for property 🙌🏻
Which company did you use?
I use and recommend Prosperity Enterprises. You can use my name as reference
Is it legal to take another persons property without their knowledge or consenting into a family trust or property trust?
Not without the permission of the trustees. But its important to consult with a professional.
Which company did you use brother
I use and recommend Prosperity Enterprises. You can use my name as reference 🙌🏻
@@louisreynhardt Alright thank you brother. I'll definitely use your name as a reference
Just curious, how many bank accounts should we have?
You can still have your normal personal accounts, and you will have one for each entity. So if you have one trust ( property trust) you will need one account for that trust.
@@louisreynhardt Do You think that having 1 bank account is not safe? or is it fine for someone to have only 1 bank account?
Do you mean in your personal name ? Or in different entities. The bank accounts itself doesnt really matter, but the different entities are what gives you protection.
@@louisreynhardt I meant, is it smart to use just one bank account for saving money and spending money?
Which company did you use to setup your trust?
I use Prosperity Enterprises. They manage all my stuff. You can contact them and use my name as reference.
@@louisreynhardt Baie dankie. I will check them out.
How can i choose a professional who can help me set up a trust
I use and recommend Prosperity Enterprises. You can use my name as reference
I have 3 trusts registered but have not used them for years are they still valid?
It will still be active, but remember you have to submit your taxes every year for the trusts and have financial statements. I would suggest reaching out to an accountant to find out what needs to happen.
Need to relisten to this and tie it up with the legal regulations and law
🙏🏻💪🏻💪🏻💪🏻
Bro.
Could you please share details of the persons who set up your trust.
I tried someone, but they are taking forever with the process.
Thank you.
Sure brother, try Prosperity Enterprise. You can use my name as reference. Prosperity Enterprises
010 285 0549
g.co/kgs/DYUggdD
@@louisreynhardt 🙏🏾
My trust name will br: "Please dont audit me SARS Trust"
This is the best comment I've seen 🤣🤣😁😁
They are starting to go after trusts but a lot depends on the election results to see if the proposed changes come through regarding tax benefits.
Hi Louis. Wat sal jy sê is die top 5 boeke om te lees oor eiendom?
Great vraag, daar is nie veel oor eiendom nie maar ek sou se
RICH DAD POOR DAD
RICH DAD POOR DAD CASH FLOW QUADRANT
Enige of al brandon Turner se boeke van bigger pockets.
Boeke van Jason Lee.
@@louisreynhardt baie dankie Louis. Waardeer jou reply.
What are the actual financial figures needed? Let’s make an example of the company you used in this process?
Sorry, just rephrase your question again ? Thanks
I need this information as I have it but I need control I don’t have now 😢
Just keep educating yourself my friend. Hope the channel helps 🙏🏻
Hoekom praat jy in lettergrepe? Is dit omdat jy van n screen af lees? Either way, bly n goeie video. net moeilik om te volg met die lettergrepe.
As die uitspreking jou pla gaan jy sukkel om my videos te kyk . Ek is Afrikaans 🤣
Lol ek weet, ek ook. Goeie Vids... Skop Gat!
@@louisreynhardt
Louis is in die kant (Afrikaans kant)
@nomsaledwaba8931 Haha Im very Afrikaans 🤣🤣
Doing anything in rands is a joke. We moved our money into Dollar via crypto. We dont need sars milking our nest egg.
Please break it down. How do I go about it?
Also, that move is a joke. No currency is safe, crypto is what God had warned against.
Don't worry, they are coming after that money via crypto too ...they are working on it
Is it possible to find your late fathers living trust when all he did was tell you and you don’t have the trust name or number.i think the surviving spouse is doing crazy things including buying a Lamborghini and closing my children out fraudulently.
Im not sure how you will approach this if you are not a listed beneficiary or trustee. The best thing to do is to reqch out to a attorney asap.
+1 subscriber
Welcome my friend 🙏🏻🙏🏻
+1
Why is it not smart to include your name or surname in the trust name?
It just makes your bussiness more anonymous which gives you some extra protection. You can include your personal details. I just choose not to. Hope it helps 💪🏻
Excuse me for going a little bit out of topic but are you married?
Yes I am married, why do you ask ?
@@louisreynhardt Pity, I know someone who's smitten :)
@magaqetyuwa 🤣🤣🤣
Who do you call or go to, to set up a Trust? A lawyer or a Financial advisor?
A lawyer.
I use a company called 'Prosperity Enterprises ' I recommend then to eveyrone because they are investors themselves.
I use @The King's Chartered Accountants
💪🏻💪🏻
This is brilliant!
Thank you very much 🙌🏻🙌🏻