When Is a Trust Not a Trust?
When can the provisions of a trust deed be set aside? When you don’t stick to the rules. Far too many people pay their accountant or attorney a visit, draw up a boilerplate trust deed, sign on the dotted line, and think that this piece of paper will take away all their tax and estate […]
Amendments to the Trust Property Control Act – Beneficial Ownerships
The General Laws (Anti Money Laundering and Combating Terrorism Funding) Amendment Act was assented to by the President in December 2022, deep into the traditional festive holiday season. This was part of South Africa’s efforts to combat the country’s greylisting status. These amendments introduce a new definition of a ‘beneficial owner’ into the Trust Property […]