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This is your FIRST STEP if you are looking for legal or professional support. We:

  • Guarantee a response within 1 working hour,
  • Are uncomplicated, friendly and professional,
  • Our fees are sensitive to the South African economy,
  • Have a team of professionals in all major Cities,
  • Function with integrity, attention to detail and are objective driven,
  • Use technology, innovation and internal processes to streamline your experience,
  • Strive to improve the sector we operate in.

 

SERVICES | AMASEVISI

In our ‘team’ we have Legal Practitioners (Lawyers & Attorneys) and other Professionals who offer parallel solutions. Our website menu items LEGAL PRACTITIONERS and OTHER PROFESSIONALS offer a summary of services and will help you decide which type of service provider to use. Please review both pages. Afterwards, if you are still not sure who to use please ask for guidance using the Immediate Action Form on the Contacts Page.

 

FREE OR FEE? SIMAHLA OKANYE UHLAWULE?

For free services you could engage with an organization such as legal-aid.co.za or visit justice.gov.za for free information. Depending on your issue any of the following organizations might be appropriate and mandated to help for free:

  • The National Consumer Commission,
  • CGSO,
  • CCMA,
  • Housing Tribunal,
  • For insurance or banking issues, you should contact the appropriate ombudsman.

If you are looking to hire a Professional we guarantee that the fees quoted will be reasonable and you will not be charged anything until you have accepted a quote or entered into an engagement letter. Payment options will be communicated and might include hourly, per project, fixed rate or retainer. See a Cost Guideline HERE. The use of a Legal Practitioner or Court should be engaged with only once you have exhausted all amicable and free options, or if the matter at hand needs legal guidance and an expert to expedite a solution.

E-CONSULTS

An E-Consult is an effective way to receive expedited support for select, once off or ad hoc matters. Please visit the menu item for more information on this process. CLICK HERE

 

OPERATIONAL DAYS & TIMES

South African Working days. No public holidays.

  • Monday-Thursday from 09h00-13h00 and 14h00-16h00.
  • Friday 09h00-13h00.

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Trusts

In South Africa, trusts are legal arrangements where one person (the trustee) holds and manages assets on behalf of another person or group of people (the beneficiaries). Here's a simple explanation of how trusts work:

Establishment: A trust is established when a person (the settlor or donor) transfers assets, such as money, property, or investments, to a trustee. The trustee then holds and manages these assets for the benefit of the beneficiaries according to the terms specified in the trust deed.

Trust Deed: The trust deed is a legal document that sets out the rules and conditions of the trust. It specifies important details such as the names of the trustee and beneficiaries, the purpose of the trust, how assets should be managed and distributed, and any conditions or restrictions on distributions.

Roles and Responsibilities:

Settlor: The settlor is the person who creates the trust by transferring assets into it.

Trustee: The trustee is responsible for managing the trust assets and administering the trust in accordance with the trust deed and the law. The trustee has a fiduciary duty to act in the best interests of the beneficiaries.

Beneficiaries: The beneficiaries are the individuals or entities who are entitled to benefit from the trust. They may receive income generated by the trust assets and/or distributions of the trust capital according to the trust deed.

Types of Trusts: There are different types of trusts in South Africa, including:

Discretionary Trust: The trustee has discretion over how trust income and capital are distributed among beneficiaries.

Vesting Trust: Assets are held for the benefit of specific beneficiaries, with distributions made at certain ages or milestones.

Special Trust: Created for the benefit of individuals with special needs or for estate planning purposes.

Legal Formalities: Trusts must comply with legal formalities to be valid and enforceable. This includes proper documentation, registration (if required), and adherence to the Trust Property Control Act, which governs the creation and administration of trusts in South Africa.

Benefits of Trusts: Trusts offer various benefits, such as asset protection, estate planning, tax planning, and flexibility in managing and distributing assets over time.

Understanding how trusts work is important for individuals and families considering estate planning or asset management strategies. Consulting with legal and financial professionals can provide guidance on establishing and managing trusts effectively based on individual circumstances and objectives.

Contact a TRUSTS LAWYER or ATTORNEY. RESPONSE WITHIN 1 HOUR. Phone or whatsapp: +27728038740, Email action@lawyers-online.co.za, or use our Immediate Action Request Form. EXCEPTIONAL CLIENT CARE.

The information on this page is not legal advice. Please engage with our team so we can assign your request to a Legal Practitioner. We look forward to being of service.

Trusts