Off The Beaten Track

wills

Trust Funds part 1: What you need to understand about trusts

March 2, 2017 // 0 Comments

What is a trust? It is a legal agreement between someone who owns assets (tangible and intangible) and trustees. Trustees are appointed to administer assets held within the trust for its beneficiaries. There are two types of trusts that can be set up. The first is a testamentary trust, created through a will and which comes into effect when the testator dies. The other, the focus of this week’s column, is an inter vivos trust, which is created while the founder or donor is still alive. [...]

Don’t put off drawing up your will

February 27, 2017 // 0 Comments

We know that death is inevitable, but we distance ourselves from our own mortality to the extent that we put off things like drawing up a will because “we can do it later”. But what if later never comes? You do not need to have millions in assets and investments to have a will. Feuds over things as trivial as cutlery prove that it’s not always about the money. If you are employed or run your own business; are part of a pension fund; have some furniture, a car or any other [...]

Where There is a Will, There is a Carefully Thought Out Plan

May 25, 2015 // 0 Comments

Very seldom do we like to think about the idea of dying, but it is inevitable and the sooner we plan, the better for those who survive us. For young people, drawing up a will isn’t at the top of your to-do list, however it is worth looking at if you own any assets or have polocies that pay out in the event of your death. You don’t want to leave a mess behind so it’s best you get things in order now – while you still can. We’ve compiled a list of 5 basic but very [...]