Different types of Trusts South Africa
There are two main types of Trusts namely:
- Testamentary Trust (trust mortis causa);
- Inter Vivos Trust (trust created during the lifetime of the founder)
An Inter Vivos Trust can be subdivided into:
- Discretionary Inter Vivos Trust-The Trustees have in their absolute discretion the right to decide how the income and capital of the Trust.
- Non-discretionary Inter Vivos Trust - The Founder or trustees decide what the beneficiary is entitled to.
Louwrens Koen Attorneys can draft and register an Trust according to your specific circumstances and needs at a very reasonable fee. We can further act as Independent Trustee (if required).
Please contact with us for further information:
Louwrens Koen Attorneys
Tel: 087 0010 733