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What we do - Register South African Trust

Trusts24.co.za

Who May Need a Trust:

  • Minors-If a minor is an heir to an estate where there is no will, or if there is a will but no trust clause, the inheritance must be paid into the Guardians' Fund of the Master of the High Court.
  • Persons that cannot take care of their own affairs-If persons are not able to take care of their own affairs due to physical or mental conditions, their assets must be placed under the protection of a curator.
  • To protect assets-A trust could be structured in such a way that it does not vest in your hands and will therefore not form part of your estate. In the event of your insolvency, creditors will not be able to lay claim to these assets.
  • Complex Family Structure- If you are divorced, or if you want to keep certain assets in your family, it could complicate inheritances and make your will very complex.

Explore

 

A trust is an agreement between an owner of assets and trustees. In terms of this agreement, the trustees undertake that they will administer the trust's assets with the necessary care to the benefit of the beneficiaries. It is an efficient and flexible way to ensure that assets are looked after. It also ensures that assets are objectively managed and controlled by appointed trustees in the best interests of the beneficiaries.

The protection of your loved ones' financial interests is extremely important in the planning of your estate. You want to be sure that your family, and especially minors, will be looked after, and that your estate and income tax obligations are kept as low as possible, so that your heirs can enjoy the full benefit of your estate.

An Inter Vivos Trust remains one of the most valuable mechanisms to protect and grow assets. Inter Vivos Trusts are often recommended for saving estate duty, but there are other reasons, such as:

• To protect your assets from creditors or relationship claim

• To provide continuity after death

• To protect your assets if a beneficiary is a minor or disabled

 

However, an Inter Vivos Trust is not suitable for every individual or family and you need to consult a lawyer in this regard

Testamentary Trusts are created in a person's Will and only come into effect on the death of that person. The Will then operates as the trust deed spelling out the terms of the trust. The terms would state for whom and under what circumstances beneficiaries are to benefit and when the trust is to terminate. There are various reasons and circumstances to consider when deciding whether to create a Testamentary Trust, some relating to family issues and others to monetary and tax considerations.

A Will is an important legal document that has a significant impact on how your family, or those dearest and dependant on you, live after you die.  A Will should be reviewed and updated from time to time. A change in your personal and financial circumstances should automatically trigger a review. Legislation or decisions made by the courts also impact on Wills and estate planning and it is therefore extremely important to obtain expert advice when drafting a Will.

A Trustee is responsible for managing all of the property owned by a trust for the benefit of the trust beneficiaries. The exact duties of a Trustee will vary based on what assets are owned by the trust. For example, if the trust consists of bank and investment accounts, then the Trustee will be responsible for overseeing these accounts. Or, if the trust owns rental real estate, then the Trustee will be responsible for managing the rental property.

Products

What is estate planning?

Estate planning involves the application of recognised techniques to protect, preserve and grow an individual's or family’s estate during and after their lives. Estate planning is a multi-faceted exercise that requires the professional input of a number of specialised disciplines, such as lawyers, financial planners, insurance and assurance brokers, and tax experts. Estate planning is an ongoing process and there are certain recognised stages in a person's personal and business life that require you to reassess your estate plans, such as:

• The start of a relationship union or marriage

• The birth of a child or children

• The termination of a relationship or divorce

• A new business venture

• Retirement

• Disability

• A subsequent marriage

• Acquiring or selling a major asset

• A change in financial circumstances (inheritance and insolvency)

• Emigration and relocation

 

Some important and well-known techniques a professional estate planner employs are:

• Antenuptial contracts

• Post-nuptial contacts

• Inter-spouse donations

• Family loans

• Income splitting mechanisms

• Inter Vivos Trusts

• Testamentary Trusts

• Disability and life cover

• Partnership agreement cover

• Key man agreement cover

• Offshore investments

• Last Will and testament

• Appointment of executors and trustees

• Inflation beating or inflation saving mechanisms

Complete our online form. Receive pro forma documents within 24 hours. Click Here!

Download PDF application. Email or Fax it to us. Receive pro form documents within 24 hours.

Should you have questions please contact us. Or schedule an appointment with Attorney to discuss your specific needs.

Press & Awards

Award winning design solutions

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor.

What we do - Register South African Trust

Trusts24.co.za

Who May Need a Trust:

  • Minors-If a minor is an heir to an estate where there is no will, or if there is a will but no trust clause, the inheritance must be paid into the Guardians' Fund of the Master of the High Court.
  • Persons that cannot take care of their own affairs-If persons are not able to take care of their own affairs due to physical or mental conditions, their assets must be placed under the protection of a curator.
  • To protect assets-A trust could be structured in such a way that it does not vest in your hands and will therefore not form part of your estate. In the event of your insolvency, creditors will not be able to lay claim to these assets.
  • Complex Family Structure- If you are divorced, or if you want to keep certain assets in your family, it could complicate inheritances and make your will very complex.

Explore

 

A trust is an agreement between an owner of assets and trustees. In terms of this agreement, the trustees undertake that they will administer the trust's assets with the necessary care to the benefit of the beneficiaries. It is an efficient and flexible way to ensure that assets are looked after. It also ensures that assets are objectively managed and controlled by appointed trustees in the best interests of the beneficiaries.

The protection of your loved ones' financial interests is extremely important in the planning of your estate. You want to be sure that your family, and especially minors, will be looked after, and that your estate and income tax obligations are kept as low as possible, so that your heirs can enjoy the full benefit of your estate.

An Inter Vivos Trust remains one of the most valuable mechanisms to protect and grow assets. Inter Vivos Trusts are often recommended for saving estate duty, but there are other reasons, such as:

• To protect your assets from creditors or relationship claim

• To provide continuity after death

• To protect your assets if a beneficiary is a minor or disabled

 

However, an Inter Vivos Trust is not suitable for every individual or family and you need to consult a lawyer in this regard

Testamentary Trusts are created in a person's Will and only come into effect on the death of that person. The Will then operates as the trust deed spelling out the terms of the trust. The terms would state for whom and under what circumstances beneficiaries are to benefit and when the trust is to terminate. There are various reasons and circumstances to consider when deciding whether to create a Testamentary Trust, some relating to family issues and others to monetary and tax considerations.

A Will is an important legal document that has a significant impact on how your family, or those dearest and dependant on you, live after you die.  A Will should be reviewed and updated from time to time. A change in your personal and financial circumstances should automatically trigger a review. Legislation or decisions made by the courts also impact on Wills and estate planning and it is therefore extremely important to obtain expert advice when drafting a Will.

A Trustee is responsible for managing all of the property owned by a trust for the benefit of the trust beneficiaries. The exact duties of a Trustee will vary based on what assets are owned by the trust. For example, if the trust consists of bank and investment accounts, then the Trustee will be responsible for overseeing these accounts. Or, if the trust owns rental real estate, then the Trustee will be responsible for managing the rental property.

Products

What is estate planning?

Estate planning involves the application of recognised techniques to protect, preserve and grow an individual's or family’s estate during and after their lives. Estate planning is a multi-faceted exercise that requires the professional input of a number of specialised disciplines, such as lawyers, financial planners, insurance and assurance brokers, and tax experts. Estate planning is an ongoing process and there are certain recognised stages in a person's personal and business life that require you to reassess your estate plans, such as:

• The start of a relationship union or marriage

• The birth of a child or children

• The termination of a relationship or divorce

• A new business venture

• Retirement

• Disability

• A subsequent marriage

• Acquiring or selling a major asset

• A change in financial circumstances (inheritance and insolvency)

• Emigration and relocation

 

Some important and well-known techniques a professional estate planner employs are:

• Antenuptial contracts

• Post-nuptial contacts

• Inter-spouse donations

• Family loans

• Income splitting mechanisms

• Inter Vivos Trusts

• Testamentary Trusts

• Disability and life cover

• Partnership agreement cover

• Key man agreement cover

• Offshore investments

• Last Will and testament

• Appointment of executors and trustees

• Inflation beating or inflation saving mechanisms

Complete our online form. Receive pro forma documents within 24 hours. Click Here!

Download PDF application. Email or Fax it to us. Receive pro form documents within 24 hours.

Should you have questions please contact us. Or schedule an appointment with Attorney to discuss your specific needs.

Press & Awards

Award winning design solutions

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor.

\n

Testamentary Trusts are created in a person's Will and only come into effect on the death of that person. The Will then operates as the trust deed spelling out the terms of the trust. The terms would state for whom and under what circumstances beneficiaries are to benefit and when the trust is to terminate. There are various reasons and circumstances to consider when deciding whether to create a Testamentary Trust, some relating to family issues and others to monetary and tax considerations. <\/span><\/p>\n","title":"What are Testamentary Trusts?","image":""}},{"name":"","type":"grid_item","props":{"content":"

A Will is an important legal document that has a significant impact on how your family, or those dearest and dependant on you, live after you die.\u00a0 A Will should be reviewed and updated from time to time. A change in your personal and financial circumstances should automatically trigger a review. Legislation or decisions made by the courts also impact on Wills and estate planning and it is therefore extremely important to obtain expert advice when drafting a Will.<\/p>","title":"Why should I also have a will? ","image":""}},{"name":"","type":"grid_item","props":{"content":"

A Trustee is responsible for managing all of the property owned by a trust for the benefit of the trust beneficiaries. The exact duties of a Trustee will vary based on what assets are owned by the trust. For example, if the trust consists of bank and investment accounts, then the Trustee will be responsible for overseeing these accounts. Or, if the trust owns rental real estate, then the Trustee will be responsible for managing the rental property.<\/p>","title":"What does a Trustee do?","image":""}}]}]}]}]},{"name":"Products","type":"section","props":{"width":"default","padding":"","style":"muted","height":"full","image_size":"cover","animation":"slide-top-small","animation_delay":true,"image_position":"center-center"},"children":[{"name":"","type":"row","props":{"layout":"1-1","fixed_width":"large","breakpoint":"m"},"children":[{"name":"","type":"column","props":{"widths":["1-1"],"image_position":"center-center"},"children":[{"name":"","type":"headline","props":{"title_element":"h1","content":"Products","title_style":"h6","text_align":"center","margin_remove_bottom":false,"margin":"default"}},{"name":"","type":"headline","props":{"title_element":"h1","content":"\n

What is estate planning?<\/span><\/b><\/p>\n","text_align":"center","title_style":"h1","margin_remove_top":true}},{"name":"","type":"text","props":{"margin":"medium","content":"

Estate planning involves the application of recognised techniques to protect, preserve and grow an individual's or family\u2019s estate during and after their lives. Estate planning is a multi-faceted exercise that requires the professional input of a number of specialised disciplines, such as lawyers, financial planners, insurance and assurance brokers, and tax experts. Estate planning is an ongoing process and there are certain recognised stages in a person's personal and business life that require you to reassess your estate plans, such as:<\/p>\n

\u2022 The start of a relationship union or marriage<\/p>\n

\u2022 The birth of a child or children<\/p>\n

\u2022 The termination of a relationship or divorce<\/p>\n

\u2022 A new business venture<\/p>\n

\u2022 Retirement<\/p>\n

\u2022 Disability<\/p>\n

\u2022 A subsequent marriage<\/p>\n

\u2022 Acquiring or selling a major asset<\/p>\n

\u2022 A change in financial circumstances (inheritance and insolvency)<\/p>\n

\u2022 Emigration and relocation<\/p>\n

\u00a0<\/p>\n

Some important and well-known techniques a professional estate planner employs are:<\/p>\n

\u2022 Antenuptial contracts<\/p>\n

\u2022 Post-nuptial contacts<\/p>\n

\u2022 Inter-spouse donations<\/p>\n

\u2022 Family loans<\/p>\n

\u2022 Income splitting mechanisms<\/p>\n

\u2022 Inter Vivos Trusts<\/p>\n

\u2022 Testamentary Trusts<\/p>\n

\u2022 Disability and life cover<\/p>\n

\u2022 Partnership agreement cover<\/p>\n

\u2022 Key man agreement cover<\/p>\n

\u2022 Offshore investments<\/p>\n

\u2022 Last Will and testament<\/p>\n

\u2022 Appointment of executors and trustees<\/p>\n

\u2022 Inflation beating or inflation saving mechanisms<\/p>","text_align":"center","maxwidth":"xlarge","maxwidth_align":"center","column_breakpoint":"m"}},{"name":"","type":"image","props":{"margin":"","text_align":"center","image":"images\/trusts24\/DBNBQz-UAAASTIE.jpg"}}]}]},{"name":"","type":"row","props":{"layout":",,","breakpoint":"m","margin":"large","fixed_width":"large"},"children":[{"name":"","type":"column","props":{"widths":[""],"image_position":"center-center"},"children":[{"name":"","type":"panel","props":{"title_element":"h3","icon_ratio":4,"title":"Register Trust - Get Started ","content":"Complete our online form. Receive pro forma documents within 24 hours. 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\n

Who May Need a Trust:<\/p>\n

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Louwrens Koen Attorneys

Louwrens Koen Attorneys, Conveyancers and Notaries have a modern outlook on life and have modern solutions for today's problems and needs without compromising on traditional values. Louwrens Koen was admitted as an Attorney in 1995. He is also an admitted Conveyancer, Notary Public and University Guest Lecturer.