Protect your legacy with a family trust
Trusts have once again come under the spotlight with the latest legislative changes and compliance requirements for trustees of SA trusts. In light of all these requirements which may be costly and time-consuming, the question is asked whether there are advantages to keep the SA trust in place. A discretionary trust, founded by […]
Amending a trust deed: Pitfalls and solutions
When trustees wish to amend a trust deed, in light of changes in legislation or circumstances, they have to consider the terms of the amendment clause in the trust deed. They may find one of the following scenarios in reading the trust deed to determine whether the deed may be amended, who the parties […]
The independent trustee requirement for SA trusts
All trusts should have an independent trustee in office. Although it is not yet a legal requirement in South Africa, most offices of the Master of the High Court are insisting on an independent trustee being appointed as a requirement on new trusts which can be classified as family business trusts in terms of a […]