Trusts

Trusts

Trusts are a very necessary tool for the protection of your personal and business assets during your lifetime as well as after, for the beneficiaries of the estate. Deciding which trust to choose is a crucial decision and we can provide advice in this respect and assist you in various other matters pertaining to the trust that you envisage for you and your family.


What is the process?

  1. Consultation:Meet with our attorneys to discuss your financial and personal goals, and decide which type of trust is appropriate for your needs.
  2. Drafting the Trust Deed:The trust deed is drafted to outline the terms of the trust, the beneficiaries, and the trustee's powers and duties.
  3. Appointment of Trustees:Trustees are appointed to manage the trust according to the deed.
  4. Funding the Trust:Assets are transferred into the trust, either during your lifetime (inter vivos trust) or upon your death (testamentary trust).
  5. Administration:Trustees manage the trust assets for the benefit of the beneficiaries, ensuring that all legal and financial obligations are met.

frequently asked questions

A trust allows you to protect assets, reduce estate taxes, and ensure that your beneficiaries are taken care of according to your wishes.

An inter vivos trust can be changed or dissolved by the person who created it, but a testamentary trust comes into effect upon death and is typically irrevocable.

Trustees should be reliable individuals or institutions that are capable of managing the trust’s assets responsibly. Many people choose family members, close friends, or professional fiduciaries.

More questions? Send us a message below.