Trusts, Wills & Deceased Estates
Trusts
A trust is used to protect the interests of your dependents while they are unable to do so themselves. A trust can own property, receive donations and inherit money from your estate when you die. What makes a trust so secure is due to the fact that its decisions are taken by the trustees whom you appoint when you create the trust. The beneficiaries can only claim their benefit at the age or time provided in the Will.
The two types of trusts are:
- An inter vivos trust (a trust between the living or a group of people) for the benefit of selected beneficiaries.
- A testamentary trust (stipulation/provision in a will) for the benefit of the testator’s heirs.
Estate Planning And Wills
Our Estate planning and administration staff specialise in providing expert advice and services in respect of the following:
- Drafting and safekeeping of wills
- Estate planning
- Deceased estate administration
What is a Will?
A last will or testament is a legal document that regulates what happens to a person’s estate (assets and liabilities) after his or her death.
Why should I have a Will?
You need a will to indicate who your beneficiaries and the executor of your estate should be after you have passed away. It will also place you in a position to appoint a guardian of your choice to take care of your children if they are minors when you pass away.
