We provide information regarding trusts Registered in the Western Cape South Africa
There are three types of trusts under South African law:
An “ownership trust”, under which the founder transfers ownership of assets or property to a trustee(s) to be held for the benefit of defined or determinable beneficiaries of the trust.
A “bewind trust”, under which the founder transfers ownership of assets or property to beneficiaries of the trust, but control over the property, is given to the trustee(s).
A “curatorship trust”, under which the trustee(s) administers the trust assets for the benefit of a beneficiary that doesn’t have the capacity to do so, for example, a curator placed in charge of a person with a disability.
Trusts can be described in various ways:
The way in which they are formed:
Inter vivos trust is created during the lifetime of a person
Mortis causa (testamentary) trust is set up in terms of the will of a person and comes into effect after their death.