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.

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    Choosing A Guardian For Y...


    Choosing A Guardian For Your Child

    Choosing A Guardian For Your Child

    Take a look at these points.

    • What is the guardian’s personality like? Your child will need to get on with this person. You need to think about whether the two of them are going to be a good fit.
    • The person that you are considering needs to love your child.
    • Consider whether this person is able to take care of your child.
    • The person that you pick has to be financially responsible. He needs to be responsible enough to manage funds for your child’s future. Make sure that the person you choose is responsible with finances.
    • Is this person is going to carry out your directions when it comes to taking care of your child? This person needs to look after your child according to your wishes.

    These are all crucial points to consider.

    What should you do next?

    Once you have selected the right person, you have to speak to him and see if he is comfortable with taking on such an essential role. You have to see if he is ready to take on such a commitment. After all, this commitment is not for everyone.

    You need to ensure that he understands your wishes for your child. Talk about the values that you treasure, and the values that you want your child to have.

    After you have spoken to him and he is happy to serve in this role, you must name him as the guardian of your child in your will.

    Make sure that you pick an appropriate person to take care of your child. After all, this person is going to be looking after your child when you are no longer alive. You need to make sure that the right person is chosen to look after your precious child. Pick someone you are comfortable with. Choose someone you trust to look after your beloved child.

    JD (Juris Doctor) / BA, LLB (Wits) / TEP (Trust & Estate Practitioner) / MTP (Master Tax Practitioner – S.A)