A Trust is a contractual arrangement between a Founder and the Trustee. The specific terms and clauses which govern the trust are contained in a Trust Deed in terms of which the assets of the trust are placed under the administration and control of the Trustees for the benefit of the beneficiaries. A Trust stands or falls by the terms of its Deed of Trust, and therefore the accuracy and completeness of the document is crucial.
A Trust is not owned by anyone and it never dies or terminates unless the Trust is sequestrated or is terminated by the Trustees in accordance with the provisions of the trust deed. A Trust therefore offers a number of benefits including tax and estate duty protection, succession and total asset protection. Stowell & Co will assist you to formulate and register a Trust according to your specific needs in order to ensure that the benefits offered by a trust are achieved.
For more information please contact Rupert Edwardes.