Trust Accounting Services serving your financial interests through the vehicle of a Trust

Specialised Trust Accounting Services and assistance is just one of the valuable services we offer our clients. We pride ourselves on reliable and up-to-date trust accounting and personalised service to meet our client’s unique needs. If you are thinking about setting up a Trust, it would be beneficial to consider setting up an inter vivos trust.

What is an inter vivos Trust?

This Trust is set up for the benefit of the trust’s beneficiaries and can achieve specific estate planning, asset protection, and limit estate duty liability. The Trust assets and administration duties are managed by the appointed trustees as per the deed.

The parties to the Trust

Typically, there are three parties involved when setting up an inter vivos trust:

  • The founder/settler or donor
  • The trustees
  • The beneficiaries

What assets can be held in a Trust?

  • Land or immovable property
  • Investments
  • Cash
  • Collectables
  • Jewellery

The benefits of an inter vivos Trust

  1. Protection of assets from creditors
    Protect your assets from potential creditors by placing ownership of these assets into the Trust.
  2. Succession planning and continuity
    A Trust can span multiple generations which allows for proper and seamless succession planning.
  3. Flexibility and discretion
    Assets can be managed in the best interests of the beneficiaries.
  4. Tax planning
    When properly set up, estate duty, income tax, transfer duty, donations tax and CGT can be mitigated.
  5. Centralised management of assets
    Centralised and controlled assets on behalf of beneficiaries who are unable to do so for themselves.

Speak to our tax experts before setting up a Trust to discuss your needs. We can advise and administer the tax implications on your behalf with our Trust Accounting Services division. For more on this service, visit https://www.mmsgroup.co.za/trust-services/ or contact us directly.



If you found this information helpful, contact us now for help with your specific needs

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