Legal Blog - Louwrens Koen Attorneys #estate duty
According to SARS, a vested trust (also known as a bewind trust) is a type of trust where the founder transfers ownership of assets to the beneficiaries of the trust, while the trustees are responsible for administering and controlling those assets. In this type of trust, the beneficiaries are considered the owners of the trust assets.
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An inter vivos trust is a type of trust that is established by a person during their lifetime to manage specific assets or investments and provide support to beneficiaries, typically family members. The primary purpose of this type of trust is usually to generate income for the beneficiaries and to provide funding for various needs such as housing, care, education, and general welfare.
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