Best relocation minor children lawyer cape town South africa
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Family Legal Products
Our law offices boast a well-renowned family and business legal consultancy that aims at offering professional legal advice and guidance where necessary. We offer the following legal services which comes with an estimated cost for our legal products:
| Ante-nuptial Contracts | R 2 100 – 00 |
| Basic Will Drafting | R 1 000 – 00 |
| Email Legal Advice (per question) | R 299 – 00 |
| Family Trust Registration | R 7500 – 00 |
| Shariah Will Drafting | R 950 – 00 |
| Unopposed Divorces | R 9500 – 00 |
Business legal services
Are you a business owner or self-starting business enthusiast? For many, starting a business or taking that first step can be extremely daunting. We understand this – which is why we have made business legal guidance available at our law offices for your convenience. Would you like some legal guidance on how to go about your business in the legal framework of things? Do not hesitate to call our law offices on 021 424 3487 for an online appointment to consult with the legal expert. We offer the following business legal services:- Business Legal Support
- Business Legislation Compliance
- Drafting of Business Contacts
- Drafting Employment Contacts
- Business Legal Training
- Private and Non Profit Company Registrations
- Credit Profiles
- Business Trusts Registration
Family Trust Registrations
The objective of a trust is to help manage your assets more efficiently. A trust allows you to dictate how and when you would want your assets to be distributed. 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.
Family Trust VS your Last Will and Testament
First of all, a will is a 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. For professional legal drafting of a Will, do feel free to call our our law offices on 021 424 3487 for an online appointment for a professional legal consultation today. Connect with us! Posted on by Telelaw
I want to create a family trust. What are the requirements?
In South Africa, a trust is a legal arrangement that allows for the separation of ownership and control of assets. The trust is created by a founder who transfers assets to a trustee, who then manages and administers those assets for the benefit of one or more beneficiaries. The trust deed is the legal document that outlines the terms and conditions of the trust. Here are key elements and steps involved in how a trust works in South Africa:- Formation: A trust is formed when a trust deed is drafted and signed by the founder and the trustee. The trust deed specifies the purpose of the trust, the beneficiaries, and the powers and duties of the trustee.
- Trustee: The trustee is a crucial figure in a trust arrangement. They are responsible for managing and administering the trust assets in accordance with the trust deed and for the benefit of the beneficiaries. Trustees have a fiduciary duty to act in the best interests of the beneficiaries.
- Beneficiaries: These are individuals or entities that stand to benefit from the trust. The trust deed will outline the rights and entitlements of the beneficiaries. It can be a fixed list of individuals or a class of persons, such as family members or charitable organizations.
- Assets: The founder transfers assets into the trust, effectively removing them from personal ownership. These assets can include property, investments, cash, or any other form of property.
- Administration: The trustee is responsible for managing the trust assets, investing them wisely, and distributing income or capital to the beneficiaries according to the terms of the trust deed.
- Duration: Trusts can be either inter vivos (created during the founder’s lifetime) or testamentary (created through a will and activated upon the founder’s death). They can also be discretionary, where the trustee has discretion in making distributions, or fixed, where the benefits are predetermined.
- Registration: The Master of the High Court is involved in the registration of a Trust, and certain information is submitted for record-keeping purposes.
- Taxation: Trusts in South Africa are subject to taxation. The Income Tax Act provides specific rules for the taxation of trusts, and it’s essential to comply with these regulations.
It’s crucial to seek professional legal and financial advice when setting up a trust in South Africa to ensure compliance with the relevant laws and to achieve the intended goals of the trust arrangement. Laws and regulations may evolve, so staying informed about any changes is essential.
Posted on by Telelaw