The benefits of a trust
A trust is an entity that is formed to hold, manage, and apply assets to the benefit of specific entities or persons, or towards achieving a certain objective. There are many benefits that can be gained from a trust, depending on the circumstances. Some of these benefits may include the following: 1.The Protection of […]
7 Reasons your will could be out of date
You have signed a Will and it is with an institution in safe custody or in a safe place where your family members can find it if something unforeseen happens to you. Why should you give it another thought? Changes in circumstances or changes in legislation can cause your Will to be out of […]
Letter of Wishes: The what, why, when, when not, where and how
by Gina Lazarides What is a Letter of Wishes? A letter of wishes is a private document that is generally not enforceable and binding in law, which is written supplementary to a will and testament or a trust deed. It provides useful guidance as to the deceased’s wishes to executors, guardians and heirs […]
Trustees: What you should know about your duties and responsibilities
You often accept appointment as trustee on trusts set up for the benefit of your family members or friends. As trustee, you can be held liable for not fulfilling your duties and responsibilities. To assist you to comply with your duties and responsibilities, we have compiled a summary of important points that you […]