Are you thinking about having a trust created? When it comes to having a trust set up, it’s important that you consult a knowledgeable Trust Specialist who can assist you in establishing a trust to suit your circumstances. A trust is beneficial on many levels....
Protecting the people that matter most in your life is an absolute must. In honour of Women’s Month this August, we focus on the importance of having a living trust established to protect your loved ones. How will you look after your loved ones financially...
Did you know that the requirement for an independent trustee to be appointed to specific trusts in South Africa came about from the 2005 decision of the Supreme Court of Appeal in Land and Agricultural Bank of South Africa v Parker and Others? The court did...
Which trust is the right option for you – a living (inter vivos) trust or a testamentary trust? Choosing the right trust is important, and it is a decision that impacts you and your family. Choosing the right trust for you and your family is necessary....
Planning for your future and your family’s future is especially essential during the COVID-19 pandemic. COVID-19 has taught us the importance of being prepared, as the unforeseen may happen to you. Protecting your assets is a necessity for everyone. Protecting your assets and preserving your...
Succession planning is another important pillar of estate planning. The COVID-19 pandemic has taught us that we need to have a succession plan in place for our businesses. As a business owner, have you thought about who is going to take over and lead your...
Disability protection is an essential pillar of estate planning. Have you ever given a thought to what may happen to you if you become disabled? Who will look after your family or be in charge of your business if you become permanently or temporarily disabled,...
What exactly is curatorship? When you (as an adult) don’t have sufficient mental capacity to manage your own affairs, your family can apply to the High Court to be appointed as curator. Once your mental capacity becomes diminished or impaired, you can’t say who should...
Did you know that a trust is ideal for ensuring your business’s continuity? Are you thinking of establishing a living (inter vivos) trust? What is important to know about trust administration in South Africa? Find out more below. Firstly, it is necessary to define what a...
Did you know that trusts have been around for nearly 1000 years? That’s a really, really long time! Trusts are really an essential part of estate planning. Why do people create trusts? There are many reasons for setting up trusts. Did you know that the...
Wills should be approached with caution. We get that costs – both in creating the Will and ultimately winding up the Estate – are a key decision driver. But what if we told you there was a way that could potentially mitigate certain costs, taxes, and...
Asset protection is widely considered the most important pillar in Estate Planning. The public often finds it difficult to see beyond the costs of setting up and administering a Trust – and yes, it can be expensive. My business experience and common sense tell me it’s...
Have you ever pondered how or when you might die? Or, to whom you could safely entrust your legacy? Here’s the thing – death has been known to strike unexpectedly and wreak all sorts of havoc, heartache and ugly in-fighting among the best of families. You may...
Are you thinking of having a trust created? This is a must-read article if you would like to know more about what trusts are. Carry on reading on below to learn more. Take a look at these essential points. A trust permits a person to hold assets...
You want to be around to watch your child grow up. It is important for you to decide who is going to look after your child when you are no longer alive. Choosing a guardian for your child is no easy decision, but it is...
It is essential to have the right person administering your trust. You need to make sure that the person who administers your trust is someone who is reliable and trustworthy. The person also needs to be responsible. Would you like to choose a corporate trustee...
Has the time come for you to think about setting up a family trust for your family? What should you know about this trust? Make sure to read this article if you are considering setting up this trust for your family. Carry on reading on...
A good trustee should: Be honest and trustworthy Have the ability to make and handle investments Be financially accountable for any mistakes he or she makes To the extent possible, be situated in the area where your beneficiaries and your assets are located Have good...
Is it valid to compare a simple will to a living trust-centered estate plan? What are the similarities between living trust-centered planning and testamentary trust planning? What are the differences between living trust-centered planning and testamentary trust planning? Is living trust-centered planning preferable to testamentary...
Questions for Discussion What legal standing and grounds are required to attack a will and a trust? What standard of proof is required when attacking a will or a trust? What are the allowable time periods for attacking wills and trusts? Is it easier to...
Before appointing a trustee you should understand what a trustee does. A trustee, inter alia: runs the trust for the benefit of the beneficiaries acts in a fiduciary capacity and when acting in that capacity, has the ultimate duty imposed by law as to relationships...