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Register a Trust Online for R2500
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Proposed Name of Trust:

FOUNDER

Full name & Surname:
Identity Number:
Occupation:
Physical Address:
E-mail Address:

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How to Register a Trust PDF Print E-mail
Written by Louwrens Koen   
Friday, 17 April 2009 10:52

How to Register a Trust                 

There are two types of trusts, namely the inter-vivos trust and the testamentary trust. The inter-vivos trust is created between living persons, whereas the testamentary trust is derived from the valid will of a deceased person.

Steps to follow to register an inter-vivos trust

Register the inter-vivos trust at the office of the Master in whose area of jurisdiction the greatest portion of the trust assets is situated. If more than one Master has jurisdiction over the trust assets, final jurisdiction will rest with the Master of the office where the trust was first registered.

           Submit the following documents to the Master:

·         A completed Acceptance of Trusteeship application form for each trustee (to be completed    by the trustee)

·         A completed Bond of Security if required by the Master for each trustee

·         The original trust deed or a copy thereof, certified by a Notary

·         R100 – in the form of either uncancelled revenue stamps affixed to the trust document or a stamp impressed with a franking machine approved by the Commissioner for Inland Revenue

·         An undertaking by an auditor, if applicable

Last Updated ( Friday, 17 April 2009 10:54 )
 
TRUST PROPERTY CONTROL ACT 57 OF 1988 PDF Print E-mail
Written by Louwrens Koen   
Thursday, 22 January 2009 08:12

TRUST PROPERTY CONTROL ACT 57 OF 1988

 

[ASSENTED TO 1 JUNE 1988] 

[DATE OF COMMENCEMENT: 31 MARCH 1989]

 

(Afrikaans text signed by the State President)

 

as amended by

 

Justice Laws Rationalisation Act 18 of 1996

 

ACT

 

Last Updated ( Thursday, 22 January 2009 08:13 )
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Asset Protection PDF Print E-mail
Written by Louwrens Koen   
Wednesday, 15 April 2009 13:30

The term "asset protection" is commonly misunderstood. Many believe that it refers to the techniques used to shield a debtor's assets from creditors' claims. Because it is impossible to "bulletproof" a debtor, asset protection involves structures and techniques that make it more difficult and expensive for a creditor to reach a debtor's assets. The objective is to change the creditor's economic analysis, making the pursuit so difficult and expensive, the creditor will either give up or be willing to negotiate on terms more favorable to the debtor.

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Sample Family Trust PDF Print E-mail
Written by Louwrens Koen   
Monday, 19 January 2009 19:38

DEED OF TRUST

 

between

 

XXX

("the Founder")

 

and

 

XXX


and

 

Trustees

("the first Trustees")

 

Last Updated ( Monday, 19 January 2009 19:40 )
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