What is a Testamentary Trust?
A testamentary trust is a legal arrangement created by an individual's Last Will and Testament, which comes into effect upon their death. This trust serves as a tool for managing and distributing assets to beneficiaries according to the deceased's wishes. Testamentary trusts provide a structured approach to asset distribution, offering potential tax benefits, protection from creditors, and guidance for the ongoing management of assets for the beneficiaries' benefit.
Unit trust business investments in South Africa offer numerous benefits, making them an attractive option for businesses seeking to grow their capital, generate income, or diversify their investment portfolios. With professional management, diversification, and liquidity, unit trusts can help South African businesses achieve their financial goals and maintain a competitive edge in today's dynamic market landscape.
Benefits of a Testamentary Trust
Protection against family disputes
A life insurance trust can help prevent family disputes by providing a clear plan for how the insurance proceeds will be distributed, and by appointing a neutral third-party trustee to manage the funds. This can help avoid potential conflicts among family members and provide greater peace of mind for the policyholder.
Investment fund priced and traded in units representing a mix of shares and investments, enabling diverse goals across various time frames.
Education Planning is a way of securing funds for future school and University education costs, a vital way of reaching for your family’s potential.