Family Trust explained

To ensure that your assets are safe and protected, you may want to consider a family trust. Having a family trust means that your assets will be kept safe and secure for the trust beneficiaries – those who will be benefiting from the trust. Furthermore, the trustee will not enjoy personal benefits of the trust but will simply be holding the assets for the trust beneficiaries. [caption id="attachment_4576" align="alignleft" width="300"] Call our law offices on: 0211110090
Email us at: [email protected][/caption] Exactly how is this different from your Last Will and Testament? It is simple. The will takes effect only after one’s death while the trust can be executed in your living days. For more legal advice on professional legal drafting of family trust and wills, call our law offices on 021 424 3487 today and have an online appointment made for you today.

Trust registration South Africa

Before going forth with a trust, you need to understand why you’re getting a trust. The following are important pointers to consider when getting a trust:
  • Understand why you are setting up the trust: think about the purpose of the trust.
  • What type of trust you would like to set up: find out more about the different type of trusts and make a call as to which trust you will require.
  • Property and assets: think about how you like to set out the rules of the trust and think about how this will govern your property and assets.
  • Beneficiaries: the person who will benefit from your assets. Think about who your beneficiaries are and how they will benefit – will it be a few beneficiaries or will it be an institution?
  • Trustee: this is the one who is in charge of the trust. He/she must understand the expectations and rules of the trust and ensure that all is in order.
  • Rules: different trusts have different rules. Your legal expert will explain this you when attempting to register your trust. It is important that the rules are carried out accordingly.
[caption id="attachment_4577" align="alignleft" width="300"] Call our law offices on: 0211110090
Email us at: [email protected][/caption] For more information on the procedure of trust registration, call our law offices on 021 424 3487 for an online appointment for a professional legal consultation. If you’re residing out of Cape Town, then fell free to make use of our national number on 087 701 1124 today.

Trust vs Will

First of all, a will is written document signed with witnesses which indicates how your assets will be distributed at the time of your death. A will is effective only after your death by which all wishes of the deceased must be carried out accordingly. [caption id="attachment_4578" align="alignleft" width="300"] Call our law offices on: 0211110090
Email us at: [email protected][/caption] A trust on the other hand, can be effective before and after death and is associated with assets and property management. And while this may sound convenient and appealing, it does come with its own disadvantage as well. The trust can be more of a hassle due to it having to be funded and actively managed in your living days. Speak to your family legal expert today on family trusts and wills and have your will and trust professionally drafted with us. Call our law offices on 021 424 3487 for an online appointment today. Connect with us!  

Family Trust explained

To ensure that your assets are safe and protected, you may want to consider a family trust. Having a family trust means that your assets will be kept safe and secure for the trust beneficiaries – those who will be benefiting from the trust. Furthermore, the trustee will not enjoy personal benefits of the trust but will simply be holding the assets for the trust beneficiaries.

Call our law offices on: 0211110090
Email us at: [email protected]

Exactly how is this different from your Last Will and Testament? It is simple. The will takes effect only after one’s death while the trust can be executed in your living days.

For more legal advice on professional legal drafting of family trust and wills, call our law offices on 021 424 3487 today and have an online appointment made for you today.

Trust registration South Africa

Before going forth with a trust, you need to understand why you’re getting a trust. The following are important pointers to consider when getting a trust:

  • Understand why you are setting up the trust: think about the purpose of the trust.
  • What type of trust you would like to set up: find out more about the different type of trusts and make a call as to which trust you will require.
  • Property and assets: think about how you like to set out the rules of the trust and think about how this will govern your property and assets.
  • Beneficiaries: the person who will benefit from your assets. Think about who your beneficiaries are and how they will benefit – will it be a few beneficiaries or will it be an institution?
  • Trustee: this is the one who is in charge of the trust. He/she must understand the expectations and rules of the trust and ensure that all is in order.
  • Rules: different trusts have different rules. Your legal expert will explain this you when attempting to register your trust. It is important that the rules are carried out accordingly.
Call our law offices on: 0211110090
Email us at: [email protected]

For more information on the procedure of trust registration, call our law offices on 021 424 3487 for an online appointment for a professional legal consultation. If you’re residing out of Cape Town, then fell free to make use of our national number on 087 701 1124 today.

Trust vs Will

First of all, a will is written document signed with witnesses which indicates how your assets will be distributed at the time of your death. A will is effective only after your death by which all wishes of the deceased must be carried out accordingly.

Call our law offices on: 0211110090
Email us at: [email protected]

A trust on the other hand, can be effective before and after death and is associated with assets and property management. And while this may sound convenient and appealing, it does come with its own disadvantage as well. The trust can be more of a hassle due to it having to be funded and actively managed in your living days.

Speak to your family legal expert today on family trusts and wills and have your will and trust professionally drafted with us. Call our law offices on 021 424 3487 for an online appointment today.

Connect with us!

 

Related Post

Have an Ante – Nuptial Contract in place

It is not uncommon for people wanting to change their property regime. When we deal with legal matters of this nature, we urge people to make sure that they understand the process and what it means going forward once this has been done. For those of you contemplating marriage, the
legal expert would advise that you have an Ante – Nuptial Contract in place. Here he explains why this is crucial in protecting your assets: The usual process to be married Out of Community of Property is to enter into an ante nuptial contract before the marriage. The contract will have clauses in it stating:
  • That there shall be no community of property;
  • That there shall be no community of profit or loss; and
  • That the accrual system provided for in Chapter 1 of the Matrimonial Property Act, no 88 of 1984 is expressly excluded from the marriage.
However, if you did not do so, there is a way of changing your matrimonial property regime from In Community of Property to Out of Community of Property. For this, you need the consent of the High Court in your Jurisdiction. Here you will make use of section 21 of the Matrimonial Property Act 88 of 1984. For more on this topic, see How to Change Your Matrimonial Property Regime . The creators of this website had made free, expert legal advice easily accessible for your convenience. For more on your legal options and ideas, see the following links:
  1. How to Change your Matrimonial Property Regime
  2. Do your own Unopposed Divorce. No lawyers needed and its Free.
  3. Parental Rights of Divorced Muslim parents after a Talaq or Faskh
  4. Free Online Divorce Assistance Form – DIY Cape Town South Africa
comprising of:
  1. Divorce guide
For a one on one professional legal consultation with the family legal expert, call our law offices for an online legal appointment today!

Registering an Ante – Nuptial Contract

First of all, it is crucial to note that if you get married without an Ante Nuptial Contract, you are automatically married in community of property. But what exactly is the purpose of having an ANC? An ANC is an agreement in black and white between two parties before entering into marriage. The agreement stipulates how assets will be dealt with in the event of divorce or death. Having an ante nuptial contract benefits you in the following ways:
  • Debt incurred by the other party, will not be affect you financially due to the ANC in place.
  • The ANC allows the parties to remain separate in estates.
  • Parties will not need each other’s consent in financial dealings.
  • Parties can maintain their own financial independence.
Engage with our efficient online appointment system and have us make an online appointment for you today!

Professional legal drafting services

Our legal expert at our law offices is a professional legal drafter with years of experiences in legal drafting and offering expert legal advice on specific family law topics. These family legal topics range from: Do you require expert legal advice in any of these topics? Do feel free to give our law offices a call on 021 424 3487 for an online appointment today.

In Community of Property VS Out of Community of Property

First of all, for this process to unfold legally, you need to have the guidance of a family legal expert. The legal professional will explain the different ways you can go about altering your matrimonial regime between you and your spouse. In turn, the parties involved must gain a clear understanding of why they’re changing their property regime and how this will impact their financial situation. It is therefore the duty of the legal expert to ensure that you are doing things legally correct. Do you have some questions you would like to ask regarding this topic? See Changing your Matrimonial Property Regime Questions and Answers page. Our professional legal consultation can be conducted telephonically, whereby we will be making the call to the potential client for 40 minutes or for part thereof. We are highly accommodating towards our clients and strive to make this website, and the process of obtaining legal advice, as efficient as possible. For a one on one professional legal consultation with the family legal expert, call our law offices for an online legal appointment today!    

What are my rights and duties under a contract? Navigating the Complex Terrain of Contract Disputes: A Simplified Guide

In the world of business and commerce, contracts serve as the backbone of transactions, defining the rights and obligations of parties involved. However, despite the careful crafting of these legal documents, disputes can still arise, leading to potential conflicts and legal battles. Contract disputes are a common occurrence in the business landscape, and understanding how to navigate through this complex terrain is crucial for businesses and individuals alike.

Understanding the Basics of Contract Disputes

Definition and Types

A contract dispute refers to a disagreement or conflict between parties arising from the interpretation, performance, or enforcement of contractual terms. These disputes can manifest in various forms, including disagreements over payment, delivery, quality of goods or services, breach of contract, or even issues related to contract formation.

Common Causes

Several factors contribute to contract disputes, ranging from ambiguities in contract language to unforeseen events affecting performance. Common causes include misunderstandings, failure to fulfill obligations, changes in circumstances, and breaches of contract terms.

Preventive Measures: Crafting Strong Contracts

Clear and Precise Language

The foundation of any contract lies in its language. Ambiguities or vague terms can become breeding grounds for disputes. Clear, precise, and unambiguous language is essential to avoid misinterpretations and disagreements. Parties should ensure that each clause is well-defined and leaves no room for multiple interpretations.

Define Roles and Responsibilities

Clearly outlining the roles and responsibilities of each party involved can help prevent disputes. This includes specifying delivery timelines, quality standards, payment terms, and any other crucial aspects of the agreement. When both parties have a shared understanding of their obligations, the likelihood of disputes decreases.

Anticipate and Address Potential Issues

Identifying potential issues and addressing them within the contract can mitigate future disputes. This may involve including contingency clauses, force majeure provisions, and mechanisms for dispute resolution. Being proactive in considering potential challenges can prevent disagreements from escalating.

Common Types of Contract Disputes

Breach of Contract

One of the most prevalent types of contract disputes is a breach of contract, wherein one party fails to fulfill its obligations as outlined in the agreement. This can include failure to deliver goods or services, non-payment, or other violations of the agreed-upon terms.

Misrepresentation

Misrepresentation occurs when one party provides false or misleading information during contract negotiations. This can lead to disputes if the misrepresented information influences the decision-making process of the other party.

Ambiguity in Contract Terms

Ambiguous contract terms can be a breeding ground for disputes. When parties interpret contract clauses differently, conflicts may arise regarding the intended meaning of specific provisions.

Unforeseen Circumstances

External events, such as natural disasters or economic downturns, can impact a party’s ability to fulfill contractual obligations. Disputes may arise over whether such events constitute a valid excuse for non-performance or if parties should seek alternative solutions.

Resolving Contract Disputes

Negotiation

Negotiation is often the first step in resolving contract disputes. Parties can engage in discussions to find mutually acceptable solutions, whether it involves adjusting terms, extending deadlines, or addressing other concerns.

Alternative Dispute Resolution (ADR)

ADR methods, such as mediation or arbitration, provide alternatives to traditional litigation. These processes offer a more cost-effective and expedited means of resolving disputes outside the courtroom, with neutral third parties facilitating discussions and decision-making.

Litigation

When all else fails, parties may resort to litigation, initiating a legal process to resolve the dispute through the court system. Litigation can be time-consuming and costly, but it provides a formalized structure for addressing complex contractual issues.

Enforcing Contracts and Court Remedies

Specific Performance

In certain cases, a court may order specific performance, compelling the breaching party to fulfill their contractual obligations as outlined in the agreement. This remedy is often sought when monetary compensation is deemed inadequate.

Damages

Monetary damages are a common remedy in contract disputes. Depending on the nature of the breach, courts may award compensatory, consequential, or punitive damages to the aggrieved party.

Termination of Contract

When a breach is substantial, the innocent party may have the right to terminate the contract. Termination releases both parties from their remaining obligations and may trigger additional remedies outlined in the contract.

International Considerations in Contract Disputes

In an increasingly globalized business environment, contracts may involve parties from different jurisdictions. This introduces additional complexities related to choice of law, jurisdiction, and enforcement of judgments. Parties engaged in international contracts should carefully consider these factors when crafting and enforcing agreements.

Conclusion

Contract disputes are an inherent risk in the world of business, but with careful planning, clear communication, and proactive measures, parties can reduce the likelihood of conflicts. Understanding the types of disputes that commonly arise, implementing preventive measures, and knowing how to navigate the resolution process are essential components of effective contract management. Whether through negotiation, alternative dispute resolution, or litigation, parties must be prepared to address disputes promptly and effectively to protect their interests and maintain the integrity of their contractual relationships.

Updated: 16 April 2020

New regulations have been issued on 16 April 2020. Click on the link below:
The material change is that you do not have to have a court order or a parental responsibilities and rights agreement or parenting plan, registered with the family advocate. Possession of a birth certificate or certified copy of a birth certificate is now also allowed.

Let’s talk Constitutionally – What about the parents whom the Minister of Social Development excluded from moving their children during the South African National Lockdown – Is this new law fair? Does it not discriminate between children and parents?

Written by Advocate Muhammad Abduroaf It is day 15 of the National Lockdown in South Africa. Our President last night announced that the lockdown would extend for a further two weeks. Lockdown, for now, would extend until the end of April 2020. What does this mean for parents who want to have contact with their children during the lockdown period? Can they collect or visit their children during the extended lockdown period? Let us unpack the legal situation.

Moving of children during the National Lockdown Period

When the lockdown was announced, there was uncertainty as to whether parents may move children during this period. We are referring to parents and children living in separate homes. After the lockdown commenced, a directive was then issued stating that children may not be moved between homes. This brought certainty to the issue, however, had far-reaching consequences. The directive said that the child should remain with the parent he or she is at, at the start of the lockdown period.

The current regulations on the movement of children between parents

On Tuesday 07 April 2020, the Minister of Social Development, Ms Lindiwe Zulu, MP, made changes to the regulations regarding the movement of children during the lockdown period. It is now possible for certain children to be moved between parents during the lockdown period. The regulations apply to the following parents only:
  1. There are arrangements in place for the children to move for one parent to another in terms of a court order; or
  2. A parental responsibilities and rights agreement or parenting plan registered with the office of the Family Advocate; and
  3. In the household to which the child is to move, there is no person who is known to have come into contact with, or is reasonably suspected to have come into contact with, a person known to have contracted, or reasonably suspected to have contracted, COVID-19;
  4. The parent or caregiver transporting the child concerned must have in his or her possession, the court order or the latter agreement, or a certified copy thereof.

Are these new regulations potentially unconstitutional?

Any law that discriminates against a class of people unjustifiably is unconstitutional. The class of people this new regulation discriminates against are one or more of the following parents:
  • Parents who are not divorced, but separated;
  • Never enforced their parental responsibilities and rights by obtaining a court order;
  • Parents who do not have any co-parenting issues;
  • Unmarried parents who did not see the need to approach the Court for a Court Order;
  • Parents who did not see the need to register a parenting plan or responsibilities and rights agreement with the Office of the Family Advocate; and
  • Parents who could not afford to obtain a court order or register a parenting plan or responsibilities and rights agreement with the Office of the Family Advocate; and
  • So on.

Infringement of the right to equality of the aforementioned parents and children

Section 9 of our Constitution (Act 108 of 1996) states the following: (1) Everyone is equal before the law and has the right to equal protection and benefit of the law. (2) Equality includes the full and equal enjoyment of all rights and freedoms. To promote the achievement of equality, legislative and other measures designed to protect or advance persons, or categories of persons, disadvantaged by unfair discrimination may be taken. (3) The state may not unfairly discriminate directly or indirectly against anyone on one or more grounds, including race, gender, sex, pregnancy, marital status, ethnic or social origin, colour, sexual orientation, age, disability, religion, conscience, belief, culture, language and birth. (4) No person may unfairly discriminate directly or indirectly against anyone on one or more grounds in terms of subsection (3). National legislation must be enacted to prevent or prohibit unfair discrimination. (5) Discrimination on one or more of the grounds listed in subsection (3) is unfair unless it is established that the discrimination is fair. Parents and minor children are not being treated equally. Only parents and children who are part of court orders and a parenting plan or responsibilities and rights agreement with the Office of the Family Advocate are taken care of by the Minister. Not the rest of the South African population. This infringement of constitutional rights cannot be justified. Let us unpack it.

Infringement of the right to human dignity

Concerning human dignity, section 10 of our Consitution states, “Everyone has inherent dignity and the right to have their dignity respected and protected.” I am sure, that all parents who do not have a court order or a parenting plan or responsibilities and rights agreement with the Office of the Family Advocate feel that their dignity has been violated. This is so as the government now allows another parent who has the latter documents to move their children. There is further no logical justification to preference some parents over others. Or to put it differently some children over others.

What can parents do who do not have a court order or a parenting plan or responsibilities and rights agreement with the Office of the Family Advocate?

It seems that the only recourse for parents who do not have a court order or a parenting plan or responsibilities and rights agreement registered with the Office of the Family Advocate has two options:
  • Approach the court urgently for a court order;
  • Approach the office of the family advocate to register a parenting plan or responsibilities and rights agreement.
Whether or not the court would be of adequate assistance during the lockdown and entertain your application, depends on many factors. However, in our view, if there is sufficient urgency, and as we are dealing with the best interests of children, the application would properly be dealt with. Concerning approaching the office of the family advocate to register a parenting plan or responsibilities and rights agreement; this could come with its challenges. But not necessarily so for all cases. Contacting their offices beforehand would be advised. Written by Advocate Muhammad Abduroaf (LL.B LL.M) – Advocate of the High Court of South Africa Advocate Muhammad Abduroaf is a member of the Legal Practice Council of South Africa     No equality and dignity for parents without Court Order and Registered Plans and Agreements We are certain that you found the above article useful and interesting. Please consider sharing it on the share buttons below. They include Facebook, Twitter, LinkedIn, WhatsApp, Gmail and more. Someone may find it useful as well. Should you require business advice or services, feel free to click on these links: Business SA | Private Legal | Envirolaws        

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