Set up local and offshore trusts to administer your assets efficiently for the benefit of your beneficiaries.
Local Trusts
Trusts are legal agreements through which you set aside assets and money to be held and administered on your behalf, for the benefit of the people or organisations you choose as beneficiaries.
A trust can help you to:
- split income between family members
- protect your assets from creditors
- reduce estate duties upon your death
We can help you to set up an inter vivos trust, which is an investment trust put in place for you to manage your assets efficiently.
- We will determine your needs and advise you on the most suitable trust structure, taking your estate plan into account.
- We will draft and register your trust.
- We can advise you on drafting financial statements for your trust.
Contact an adviser to discuss structuring your trust.
Offshore Trusts
We have agreements with approved corporate trustees to provide corporate trustee services in Mauritius. These agreements are regulated and licensed by the Financial Services Commission of Mauritius.
This offers a number of benefits:
- Diversifies political risk: Your trust assets will be held and controlled outside of South Africa.
- Currency hedge: Investments into a hard currency (British pounds, euros or US dollars) protect your assets if the rand falls.
- Tax savings: You will not be charged income tax, capital gains tax, donations tax, etc. on your trust. You are only taxed on interest you receive from lending money to the trust or from any distribution made by the trust to you as a beneficiary.
- Freedom and flexibility: There is no exchange control in Mauritius and the trust assets can be transferred anywhere or invested in any way once held by the trust.
- Advantages for your estate: Your trust falls outside of your estate when it is wound up, making it easier for your beneficiaries to access the assets in it. You can also save on estate duty.
Contact an adviser to discuss structuring your trust.
