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Trusts combined with the proper estate planning offers several advantages, including asset protection and estate planning benefits. In addition to these benefits they also include the following:
- The smooth transfer of wealth from one generation to the next
- A flexible estate planning tool allowing for the limitation of assets held in one’s personal capacity
- The separation of the ownership while being able to assign the use of assets
- A useful tool to manage and protect the interests of minors and beneficiaries who are incapable of dealing with their own financial matters
After contemplating a trust in many instances people may wish to draft or update a will The reality is that there is no time like the present! Our Will and Testament coming soon!
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021 205 3530