In South Africa Trusts are regulated by the Trust Property Control Act 57 of 1988 as amended together with other relevant legislation.
There are several different types of trusts, such as inter vivos Trust, Business Trust, Special Trust, Bewind Trust, Testamentary Trust, Vesting Trust, Discretionary Trust or a combination of these. When deciding on which trust fits your needs it is important to consider the purpose of the trust together with the various tax and compliance implications of each trust.
Trusts remain a vital tool in wealth planning and corporate structuring.
Andrew Venter Attorneys has the necessary knowledge and expertise to advise on the appropriate trust to choose and to attend to its registration at the Master’s office or to advise and attend to trust amendments.
In the near future, we will expand on the different types of trusts, their respective applications, and the legal, tax and compliance considerations involved in selecting, establishing and administering the appropriate trust structure.
