An inter vivos trust remains one of the most valuable mechanisms to protect and grow assets.
Inter vivos trusts are often recommended for saving on estate duty, but there are other reasons, such as:
To protect your assets from creditors or relationship claims
To provide continuity after death
To protect your assets if a beneficiary is a minor or is disabled
However, an inter vivos trust is not suitable for every individual or family.
Trusts are not favoured by the authorities, and the South African Revenue Service (SARS) and courts are increasingly scrutinising them.
It is imperative that the form and governance of your trust is above reproach. We encourage you to conduct a legal audit from time to time to ensure that the most recent laws and techniques are incorporated.