Can you trust your trustee?
THE TRUST As a result of the various benefits for estate planning purposes, the formation of trusts has become increasingly popular in South Africa. It is common that one spouse appoints the other spouse to act as a trustee of a trust, without understanding their responsibilities, duties and obligations arising therefrom. A trust may be […]
Should I put my trust (and assets) in a trust?
The core idea of a trust is the separation of ownership (or control) from enjoyment. A trust is, by definition, a legal entity in which a person known as a trustee holds or administers moveable or immovable property separately from their own, for the benefit of another person or persons (known as beneficiaries) or for […]