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Trusts can protect or preserve assets. These could include family assets, a business or a farm.

Trusts

Trusts can protect or preserve assets. These could include family assets, a business or a farm.

Why FNB?

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Have your statements sent to you via email, saving you paperwork and contributing to a greener environment.

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More about: Trusts

Why do I need this?

  • Do not make any reference to Capital Gains Tax or Estate Duty
  • Those listed in the Trust will be looked after
  • Funds within a Trust are invested wisely
  • The trustee can administer funds in cases where the dependant is unable (for example, disabled)
  • Avoids problems associated with the Guardian Fund**

*If you Will leaves your farm to your children in equal shares, there could be issues. In terms of the Subdivision of Agricultural Land Act, no agricultural property can be split up. Leaving the farm to a Trust solves this problem, as the profits of the operation could be paid out in equal shares.

**If you pass away when your children are under 21, their inheritance will be paid into the Guardian's Fund, administered by the Master of the High Court. Funds are not placed in growth investments and are also difficult to get hold of.

What will it cost?

The price is negotiated during the process of opening the Trust at the branch.

I want it!

Call us on +264 61 299 2093

Contact Details

Call us on +264 61 299 2093