Category Archives: Trusts

The Administration Process of a Trust

The Administration Process of a Trust

Introduction Now that the Family Trust has been registered and the Letters of Authority been issued by the Master of the High Court, you need to start the administration process of the trust. The Trustees now have the authority to act on behalf of the trust: – Open a banking account – Register as aContinue Reading

How Lifetime Trusts work for your Family

How Lifetime Trusts work for your Family

In choosing to create trusts, many people overlook the value in creating a lifetime trust. Most would think it exorbitant or unnecessary to pay out a trust for such an extended period of time, but the reality is that it is one of the most secure ways of ensuring your family’s financial security in theContinue Reading

Trusts and examples of trusts: what they are and how they work

Trusts and examples of trusts: what they are and how they work

For advice on Trusts and Fiduciary services, click here. What are Trusts? A trust is a legal relationship between people, dictating the distribution of assets between them. Trusts are most commonly used to separate assets from your Estate, offering them protection from creditors and stipulating how they are administered. Since Trusts are a separate legal entity fromContinue Reading

Trust and Fiduciary Services: creating your Trust for asset protection

Trust and Fiduciary Services: creating your Trust for asset protection

Many people fear the possibilities involved in creating and growing their wealth and how it will be distributed following their death. These possibilities can include: Creditors ceasing your assets Your family becoming bankrupt Your heirs spending their inheritance unwisely Luckily, within Trust and Fiduciary services, you will be able to create a Trust for assetContinue Reading

Trust and Fiduciary Services: ever wanted to know happens to your Estate if you don’t leave a Will?

Trust and Fiduciary Services: ever wanted to know happens to your Estate if you don’t leave a Will?

Many South African’s remain ignorant of the possible ramifications of not drafting a final Will and Testament. Not drafting a Will, in the proper legal manner, can result in: The government allocating your Estate to the parties it stipulates to be most fitting, irrespective of your intentions Familial disputes over who gets what According toContinue Reading

What are Trust and Fiduciary Services?

What are Trust and Fiduciary Services?

Trust and Fiduciary Services have a variety of different applications. Creating plans and implementing them to safeguard your assets, secure finances for your loved ones and avoid unnecessary expenses all form part of Trust and Fiduciary Services. What are trust and fiduciary services? Trust and Fiduciary services are those related to personal assets with aContinue Reading

What are Revocable Living Trusts?

What are Revocable Living Trusts?

A Revocable Living Trust is the most widely used Trust of its type, since it can be amended at any point. Revocable Living Trusts allow the Trustmaker to allocate assets into the Trust, under the Trust’s name, which can then be invested, spent or inherited as the Trustmaker has designated. Either the Trustee, or aContinue Reading

Trusts and Life Insurance

Trusts and Life Insurance

How Irrevocable Life Insurance Trusts can be used to avoid Estate Duty. Did you know that your Life Insurance Policy forms part of your Estate and is thus liable for Estate Duty deductions when you die? This means that not only do beneficiaries to your Estate have to feel the brunt of Tax on theirContinue Reading

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