Louis Van Vuren, CEO of the Fiduciary Institute of Southern Africa, points out that the legislation cannot be rationally connected to the purpose for which it was promulgated. AMANDA VISSER: Last year South Africa really pulled out all the stops in an effort to avoid...
The Fiduciary Institute of Southern Africa (FISA) is lobbying the Parliamentary Standing Committee on Finance (SCOF) regarding various issues, including inappropriate use of the term “beneficial owner,” in proposed amendments to the Trust Property Control Act. A...
How beneficiaries are defined in the trust deed should be conducive to the purpose of the trust. The choice should be in line with your familial circumstances and your estate plan. It is important to know that only a beneficiary can benefit from a trust, no one else....
When it comes to claiming a foreign inheritance bequeathed to you abroad from a South African Estate, irrespective of whether you are living in South Africa or not, there are some important facts you should be aware of. During the 2022 Budget Review, the...
A Trust is a contractual agreement whereby a Founder and Trustees hold property as its nominal owner to the benefit of one or more beneficiaries. When considering setting up a Trust, be mindful of maintaining a valid legal structure. Understanding the nature of the...
