Godfrey Mlaba has an ambitious goal: he wants to be able to leave his children a financial legacy that will provide for intergenerational wealth.
Tag - trust
If you have a trust and have transferred some assets to it without being paid, you may soon have to start charging the trust interest, or be liable for donations tax.
Trusts may be one way to protect your assets from creditors but it is not something you should enter into lightly as the negatives could outweigh the benefits of protection.
We highlight the common mistakes made in the operation of trusts, and list tips to get your trust in order.
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...
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...