Legal Blog - Louwrens Koen Attorneys #estate planning

•  01-09-2023 10:41 AM

Protect Your Children's Inheritances from the Guardian's Fund - Learn how to safeguard your loved ones' financial future with a professionally drawn will. Find out how to prevent your children's inheritances from ending up in the Guardian's Fund. Get expert advice and guidance to ensure your family's security.

•  25-03-2023 05:04 PM

Trusts generally have a wide application and can be customised to meet specific needs. Reasons to establish a trust include: Providing for minor beneficiaries financially and otherwise Honoring maintenance commitments in divorce orders and settlements Providing for disabled dependents or aged parents Protecting and preserving assets for the next generation Serving as a holding vehicle for assets as part of estate planning structuring Providing a regular income for favorite charities (public benefit organizations) Providing for the dependents of a deceased employee

•  25-03-2023 04:48 PM

Testamentary trusts, also known as will trusts, are established after the death of the person who created them. They are typically used to protect the interests of minors or other dependents who are unable to manage their own affairs. In South Africa, testamentary trusts are commonly set up to hold assets on behalf of minor children who are unable to inherit under the law.

•  25-03-2023 04:43 PM

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.

•  25-03-2023 04:35 PM

Setting up a trust can be an excellent way to protect your assets, but it requires careful consideration before taking the plunge. In this article, we will provide you with some tips on how to set up a trust correctly. Before you create a trust, make sure that it fits into your overall estate plan. A trust is a legal structure that allows you to transfer assets to a third party, the trustee, who holds and manages those assets for the benefit of the trust's beneficiaries.