FIDUCIARY SERVICES

With a focus on safeguarding your assets, to secure your loved ones' future, and, honouring your unique wishes, we provide personalised solutions that will offer peace of mind.

REQUIREMENTS FOR THE CREATION OF A VALID TRUST

• The Founder must have the intention to create a Trust.

• The Founder must express his intention to create a Trust in a manner that will create a legal obligation through written agreement, Trust deed, will or a court order.

• The Trust property in the Trust needs to be clearly defined.

• The Trust objective must be clearly defined.

• The Trust objective needs to be lawful.

ADVANTAGES OF A TRUST

• Continuity: A Trust does not have a specific lifespan and can be operational for generations.

• Conservation: Ensure financial protection and stability of the Trust property.

• Privacy: Only interested parties have inside knowledge of the Trust. The Trust deed is stored at the Master of the High Court.

DISADVANTAGES OF A TRUST

• Loss Control: Once Assess is Trust property it will be managed solely by the Trustees.

• Compliance: The Trust must have annual financial statements prepared by a qualified accountant and submitted to SARS.

• Prolonged Registration: The registration process can be a very lengthy process due to delays in the office of the master of the High Court.

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