What is the real benefit of an offshore trust and is it worthwhile to go through the effort of establishing one? In the fourth part of our estate planning review series, we’re taking a look at the basics of an offshore trust, its management and its benefits.
We consider whether wills and trusts should be considered collaboratively. To do this, we delve into the basic purpose of wills and trusts separately and explore their potential impact on one another.
We delve into the realm of foreign jurisdictions and international assets, as well as how to plan your estate in such a way as to deal with the foreign and local implications on informed terms.
Agriculture forms the backbone of any society, it’s an absolute necessity, and the fundamentals for investing in agriculture are becoming more and more compelling.
The impact of the Coronavirus and the accompanying restrictions on the movement of people, goods and services, has had a significant impact on the global economy. Now, more than a year since South Africa’s first COVID-19 lockdown, Benjamin van Wyk (CFA) examines our positioning.
Estate administration is a confusing and complicated process, which is why it is important to have a knowledgeable executor to ensure that the estate administration process is undertaken in line with the Administration of Estates Act, 66 of 1965 (as amended) and that it is handled with empathy, efficiency and professionalism.
A responsible approach to portfolio construction and risk management for retirees and investors approaching retirement.
By introducing alternative investments to a portfolio, one can generate almost the same level of expected return as a portfolio that does not have alternative investments exposure, but with significantly reduced expected risk (or volatility of returns). In this article, Henk Myburgh, CFA, explores the role of alternative investments in a portfolio.
A recap of the recent budget speech. Overall, the government is aiming to reduce the budget deficit and stabilise the debt-to-GDP ratio. Over the past year, the budget deficit has doubled and the shortfall in revenue is approximated at R 213.2 billion. At current levels, this number is projected to increase, resulting in financing costs of R 338.6 billion for the 2023/2024 period. The Treasury has noted this fact and have based their strategy thereon with the aim to “return public finances to a sustainable position”.
It is arguable that trusts have, to an extent, lost their magic as far as tax benefits are concerned. This does not, however, mean that trusts are no longer beneficial.
Our in-house legal expert, Savannah Solomons, highlights the benefits of a properly drafted trust deed, as well as common practical issues that could hinder the process.
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