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Trusts and financial planning
The trust in financial planning and the advantages of a trust
Protection of assets against creditors
A discretionary trust enjoys creditor protection in the event of the trust beneficiary's insolvency. The assets of the trust are held by the trustees and the creditors who are the beneficiaries cannot attack the assets if the beneficiaries have no vested rights to the assets.
Estate duty and related savings
Estate duty and related savings are achieved by divesting oneself of ownership of growth assets in favour of a trust. In so doing for as long as the trustees keep the trust going and retain the assets for the unvested and unspecified benefit of the planners descendants no estate duty need be paid on the death of the descendant.
Further advice regarding trusts may be obtained by contacting us
163 Bayers Naude
Tel (011) 782-1221
Fax (011) 782-3435