In spite of the ongoing uncertainty about how trust will be taxed in South Africa in the future, trusts remain a very useful estate planning tool and are widely used for a number of purposes.
However, if a trust is not formed or administered correctly, it can create a nightmare that acts against the very reason for forming it in the first place.
Anyone thinking of setting up a trust needs not only to make sure that they are creating a valid legal structure, but also to understand the nature of the trust, the duties of the trustee, and the rights of beneficiaries.
This guide is designed to help anyone involved with a trust understand the key elements of forming and administering a trust in South Africa…
Any of the five partners can be contacted regarding your specific trust requirements.
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