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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    How To Plan For Young Chi...


    How To Plan For Young Children

    How To Plan For Young Children

    Plan well for your young children.

    Parents have to have an estate plan when they have children. Their children need to be looked after when they are no longer alive. Careful planning now makes sure that your children are looked after when you are no longer around. Estate planning is crucial when you are parents. You need to consider your children and what may happen to them if you pass away. It is vital that you think about your children, and consider their future.

    Here is some essential information that you need to have.

    • Make sure that your will names a guardian to take care of your minor children. If you don’t name a guardian for your children, who is going to look after them when you are deceased?
    • Name an alternative guardian in your will. What if the guardian you have chosen is unable to serve as your minor children’s guardian? It is vital that you name another person to be your minor children’s guardian.
    • Think about who is going to manage your minor children’s property and money. Appointing a trustee or conservator to manage your children’s assets is necessary.
    • Plan for the possibility of becoming disabled. While you may not want to think about this, it is imperative that you do so. You or your spouse might become disabled because of an accident or an illness.

    All that is left for you to do is to make sure that you have an estate plan that is in place for your young children. You need to see to it that your children are taken care of when you are no longer around. With an estate plan, you can be certain that your children are going to be looked after when you are no longer alive.

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