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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    TAX INCIDENTAL TO TRUSTS

     

    Trusts

    [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 laws that prevent trusts being exploited for tax avoidance purposes. Unlike a company or close corporation, a discretionary living trust is not a juristic entity. It cannot be owned, transferred or sold. The assets can...

    [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]Regardless of the type of trust, the administration of trusts is governed by the provisions of the Trust Property Control Act 57 of 1988. The Act holds trustees to account for any maladministration or non-compliance. The trustees...

    [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]A living trust is created during your lifetime. Ideally, you should consult a Trust Specialist who has the expertise and knowledge to set up a living trust that suits your needs. The question is, is a Discretionary...

    [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]Also known as an ‘inter vivos’ trust, it is a living legal entity and our trust of choice as the core component of an estate plan. Estate planning in South Africa involves securing the futures of your...