Tag - trust

Picking trustees for a family trust

Who should act as trustee for a family trust? A family member, a professional independent trustee, or both? This is one of the biggest decisions to be made in estate planning – and it’s a decision which can have massive consequences for the heirs and the estate if not carefully thought through. Marteen Michau, head of fiduciary and tax at Sanlam...

Beware the “alter ego trust”

Recently a story made news in South Africa about a South African who emigrated to Australia in 2002, leaving his estate here neatly bundled up. Prior to arriving in Australia, he stopped over in Lichtenstein where he established a series of trusts and companies registered in the British Virgin Islands. The benefits and revenue from the South...