Fiduciary Services

TRUSTEES FOR THE FUTURE care about you and your family’s financial- and estate planning needs and objectives.

www.trusteesforthefuture.co.za

We are committed to ensuring that these objectives are achieved, even though circumstances may change. We are passionate about forming a trusted relationship with your family that will stand the test of time, protect your legacy and advise and support your loved ones, when you are no longer capable of doing so yourself.

The Ethical code of Trustees for the Future forms the pillar of our success, and acts as the keystone of our professional service. We, as a company, build upon the strong foundations of our Ethical code in every service we provide, always acting responsibly and in accordance to the principles of the ethical code.

The pillars of the ethical code of Trustees for the Future consist of:

• Integrity
• Professionalism
• Expertise
• Trust
• Objectivity
• Honesty

We expertly structure and adapt our financial advice to you by considering all of the following:

• Flexibility and facilitation of the administration of deceased estates
• The minimization of estate duty, income tax, capital gains tax and other taxes
• The provision of liquidity in deceased estate
• The provision of capital and income for dependents
• Protection of assets against insolvency and inflation
• The protection of business interests and business continuity provisions
• Company secretarial services on companies, closed corporations, including planning and drafting of Memorandums of Incorporations for companies

As estate planners and independent trustees, we are the custodians of our client’s trust. We can only be worthy of their trust if we personally commit ourselves to the principles that characterize our profession.

What is a Trust and why should you have one?

• Vehicle for protection of minors, wealth and/or persons with limited financial capability or limited mental or -physical capability.
• Protection of assets and provision of income for generations to come.
• Prevents continuous transfer of assets and costs involved.
• Flexible estate planning tool that protects your assets if correctly administered.
• Separation of ownership of assets – to hold and administer assets that must benefit more than one person but cannot be subdivided (like agricultural land).

Administration of Trusts with Special Needs:
The special needs can either be physical and/or mental. The purpose of the Special Trust is to maintain the beneficiary with the special needs. It is important to have Trustees who understand the beneficiary’s needs, who understand how to budget and invest and understand the law related to Special Trusts.

What is a Will and why is it important to have one?

•  A declaration of what a person wishes to happen with his property after his death.
•  Ensures that your property gets divided between the nominated heirs of your choice.
• Gives you the opportunity to nominate a competent Executor of your choice and negotiate the executor’s fee upfront and at discounted rates.
• Provides for your wishes for guardians of your minor children.
• Ensures that you do not pass away intestate (without a will).

Estate administration is both complicated and potentially confusing. The executor plays an integral role in ensuring that the process is handled professionally and efficiently. The executor’s function may be summarized as:

• Taking control of the assets which form part of the estate
• Protecting and preserving the assets in the estate
• Properly identifying the heirs in the estate
• Carrying out the legislative requirements regarding the administration of an estate
• Paying the debts and the administration expenses
• Attending to the final tax returns