THIS IS A BOOK THAT ANYONE WITH ASSETS SHOULD READ

Discretionary Living Trusts A legacy for generations

Written by Trust Specialist, Mervin Messias, it is the culmination of knowledge and expertise that has been acquired over many years’ study and practice of Trust law.

The author recommends the use of Trusts as part of estate planning because they provide solutions to many potentially complicated problems related to asset protection, succession planning, and disability protection. Many little-known benefits of Trusts are revealed to help protect your hard-earned wealth for generations to come. A Trust circumvents the whole process of winding up an estate, together with its potential delays, hassles and frustration.

In fact, a Trust deserves pride of place in any estate plan. It means business as usual, even after death, with no executor, executor’s fees or estate duty.

Read all about it!



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    Home Intro

    THE TRUST PROPERTY CONTRO...

     

    Trust Operations

    [vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column width="2/3"][vc_column_text]The Trust Property Control Act came into force on 31 March 1989, and was amended by the Justice Laws Rationalisation Act, No. 18 of 1996. It serves as an operational framework shaped by case law, and is monitored...

    [vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column width="2/3"][vc_column_text]Understanding the parties to a trust is important as there may be some overlapping of roles. There are two parties to a trust - the founder and the trustees, both of whom are signatories to the trust. Beneficiaries...

    [vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column width="2/3"][vc_column_text]This is what you need to know about trustees. Trustees are required to assume non-beneficial ownership and control of trust property. They act in a fiduciary capacity, that is, in the best interests of another, and as office bearers...

    [vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column width="2/3"][vc_column_text]One of the benefits of a discretionary living trust is that it is not limited by time, and may continue to exist for as long as it serves its purpose. However, termination may become necessary one day, owing...

    [vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column width="2/3"][vc_column_text]There are some important points that support the rationale for amending a trust deed. An amendment to a trust deed is often required to accommodate important changes or provide for unexpected situations. Examples include: A change of legislation,...