The Fiduciary Institute of Southern Africa (FISA) is lobbying the Parliamentary Standing Committee on Finance (SCOF) regarding various issues, including inappropriate use of the term “beneficial owner,” in proposed amendments to the Trust Property Control Act. A...
How beneficiaries are defined in the trust deed should be conducive to the purpose of the trust. The choice should be in line with your familial circumstances and your estate plan. It is important to know that only a beneficiary can benefit from a trust, no one else....
When it comes to claiming a foreign inheritance bequeathed to you abroad from a South African Estate, irrespective of whether you are living in South Africa or not, there are some important facts you should be aware of. During the 2022 Budget Review, the...
A Trust is a contractual agreement whereby a Founder and Trustees hold property as its nominal owner to the benefit of one or more beneficiaries. When considering setting up a Trust, be mindful of maintaining a valid legal structure. Understanding the nature of the...
This is a summary of the article as it appeared on FISA, of which we are supporters. If you have a life partner that you did not get married to and they die without a will or failed to provide maintenance, you have more rights after the constitutional court decision...
