Keywords and Phrases Explained Settlor, Donor, Founder or Planner: This is the person who initiates the creation of the trust. This is also usually the person who bequeaths assets or property to the trust. Although the definition of these terms differ slightly they are…
What is a deceased estate? A deceased estate is formed when a person dies and leaves behind assets in South Africa When do I need to report a deceased estate? The following estates must be reported to the Masters Office with competent jurisdiction within…
The use of a trust has proven to be a powerful instrument and has certainly maintained its importance in our law. Very often the proper administration of a trust can be neglected due to the blissful ignorance of the planner. Conscious engagement and active record…