The Star Early Edition

Busi­ness Re­port of­fers much more to the read­ers

- Adri Senekal de Wet Business · South Africa News · Society · South Africa · Africa

MUCH HAS BEEN pub­lished in the me­dia of late re­gard­ing the use of trusts in South Africa and their per­ceived rel­e­vance, all amidst on­go­ing at­tacks from Sars. Many es­tate plan­ners are in the dark, es­pe­cially be­cause many have never made an ef­fort to un­der­stand how trusts are sup­posed to be man­aged in South Africa, of­ten leav­ing the man­age­ment thereof to trust prac­ti­tion­ers. This has led to many es­tates be­ing ex­posed, both dur­ing es­tate plan­ner’s lives, and upon their deaths. To guide in­di­vid­u­als and es­tate plan­ners to take charge of their fi­nan­cial af­fairs, Phia van der Spuy, the chief ex­ec­u­tive of TrustEeze, will be dis­cussing a num­ber of rel­e­vant top­ics on trusts with our read­ers, in print and on-line, ev­ery sec­ond week. These ar­ti­cles will ed­u­cate lay­men and es­tate plan­ner on all as­pects of trusts in a user-friendly, un­der­stand­able man­ner. The first ar­ti­cle will be pub­lished on Wednesday. Top­ics will in­clude: Myths about trusts; Why to con­sider a trust; How a trust would fit into your es­tate plan; Re­quire­ments for a trust; How to move as­sets into a trust; As­sets to be held in a trust; Trusts and di­vorce; Trus­tees’ obli­ga­tions; Ben­e­fi­cia­ries’ rights; Re­quire­ments to prop­erly ad­min­is­ter a trust; Disad­van­tages of trusts; Tax­a­tion of trusts in South Africa. Trusts to Trust@ TrustEeze

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Phia van der Spuy

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