October 8, 2014

Inter-Vivos Trusts and Testamentary Trusts

Much ignorance exists regarding the use of trusts during bequests. This article will endeavour to shed some light on this important issue. An Inter-Vivos Trust is also known as a living or family trust as it is set up during your lifetime. A trust is the ideal long term structure with which to protect assets from generation to generation while it effects a saving in terms of Estate duty. Estate duty is the levy payable on all your assets upon your death. When assets are bought through a Trust or transferred to a Trust capital growth takes place within the […]
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