Trusts Guide

In spite of ongoing uncertainty about how trusts will be taxed in South Africa in the future, trusts remain a very useful estate planning tool and are widely used for a number of purposes.
However, if a trust is not formed or administered correctly, it can create a nightmare that acts against the very reason for forming it in the first place.
Anyone thinking of setting up a trust needs not only to make sure that they are creating a valid legal structure, but also to understand the nature of the trust, the duties of trustees, and the rights of beneficiaries.
This guide is designed to help anyone involved with a trust understand the key elements of forming and administering a trust in South Africa.