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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    How To Choose A Corporate...

     

    How To Choose A Corporate Trustee

    How To Choose A Corporate Trustee

    Take a look at these useful points.

    A corporate trustee is responsible for administering the trust. He makes financial decisions that affect the assets held by the trust. As trustee, he is responsible for managing your trust assets as per your instructions.

    What else should you keep in mind? It is also important to note that the trustee must be able to put the beneficiary’s interests first. This is vital.

    By selecting this trustee over a family member, conflicts of interest are avoided. This is quite beneficial for you to keep in mind.

    Here are some more points to keep in mind.

    • Corporate trustees are objective. They have to be objective, in contrast to family members who may not be objective. It may not be a good idea for you to choose a family member when it comes to administering your trust.
    • The person you choose is going to be managing your financial affairs now and/or when you cannot manage them yourself.
    • The person you choose has to have integrity.

    These are useful tips for you to take into consideration.

    Here are some more tips to keep in mind:

    • You should think about interviewing many corporate trustees before you go and choose one to administer your trust.
    • Meet with the person that makes you feel the most comfortable.
    • Ask the person any questions you may have.
    • Select someone you can trust to administer your trust.

    When it comes to selecting someone to administer your trust, you need to ensure that you select the right person. This is crucial. Make sure that you select a trusted trustee to administer your trust.

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