Reshuffling the Corporate Group: Simplified
As people and businesses evolve, so must their encompassing structures. Companies may need to be introduced into a group, assets ring-fenced for risk purposes, subsidiaries consolidated, or dormant entities wound up. In family-owned groups, trusts are frequently incorporated to hold shares for estate planning, succession and asset protection, while the underlying companies continue trading and […]
The basics of an inter vivos trust in South Africa
Trusts have long been an attractive tool for the management and protection of assets in South Africa. An inter vivos trust, also known as a “living trust”, is a trust created during the lifetime of a person by way of an agreement between the founder of the trust and the trustees for the benefit of […]
Trusts as financial and estate planning tool
Trusts can serve two important functions; that is to protect assets as well as create certain tax benefits. Some examples are the following: Firstly, in a case of insolvency, a beneficiary may enjoy protection against a creditor in a situation where an asset was transferred to a trust while the beneficiary was still solvent. It […]