The shares in your company or membership interest in a close corporation can be held in a trust and thus on your passing, those shares or interest will not be included to calculate estate duty as part of your estate. The transfer of those shares or membership interests can easily be done with minimum costs.
It is better to place your shares or membership interest into a Share Holding Trust to eliminate the business value being included in your estate.
From a personal protection point of view, a CC and less frequently a private company, are sometimes subject to the Courtâ€™s â€śpiercing the corporate veilâ€ť and holding the individual personally liable. The benefits of having these assets registered in a business trust will ensure complete peace of mind.