Trusts are useful legal entities for financial and estate planning – frequently asked questions about trusts A trust is a useful financial planning tool, but many people are confused or daunted by the thought of setting up a trust. This article answers the most frequently asked questions by clients about trusts. 1. What is a […]
Considering a trust? Consider these 3 disadvantages first In a trust, assets are held by the trustee/s for the beneficiary or beneficiaries, on the instructions of the owner of the assets. There are many advantages to holding assets in a trust. But are there any disadvantages? While the advantages definitely outweigh the disadvantages, there are […]
Trusts are a way of protecting assets What is a trust? A trust is a legal arrangement to protect assets and ensure they are managed or distributed as the donor (the person who owns the assets) wishes. The donor gives the trustee the right to hold title to the assets for the benefit of a […]
How to register a trust – the procedures and costs involved A trust is a legal arrangement to protect assets and ensure they are distributed according to the wishes of the donor/founder (the person or entity who owns the assets). The donor gives another party, known as the trustee, the right to hold title to […]
Sectional title law no 4 – The role of managing agents In our occasional series on sectional title law, so far we have looked at the role of the trustees in a complex, the rules for general meetings of owners and the role of the Chair, and financial management and record-keeping. In this penultimate […]
Rules for owner meetings and the role of the Chair In the first in this series, we looked at the role of the trustees in a complex under sectional title law. In this article we will cover general meetings of owners and the role of the Chair.
The role of trustees in Sectional Title Law You’ve just moved into your first complex. You’re getting to grips with terms such as ‘body corporate’, ‘sectional title scheme’, ‘trustees’, ‘exclusive use’, ‘common property’, ‘levies’, etc. What do they are mean, and how do they affect your daily life in your new home? Or maybe you’ve […]