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.
Read MoreSetting 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.
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