Can I change my trust deed?

Can I change my trust deed?

Derek Springett Derek Springett

Derek Springett

Chief Executive Officer at Harbour and Associates Management Services (Pty) Ltd

发布日期: 2024年9月26日
+ 关注

So, you paid about R4 000 or less for a trust drafted by an attorney. Then you read my book "16 Steps to Wealth" and realised that you'd made a mistake. You should have spent about R11 000 and got yourself a Legacy Trust and one which did not have all the faults that yours contains.

Can you change your Trust Deed?

Yes. fortunately, the Master once again (after much flip-flopping) allows us to completely replace one Trust Deed with another. It remains the same trust, with the same name and registration number.

And the cost? Well, we feel for you, so we offer to put you right for about R8 000 including VAT depending upon where the trust is registered.

要查看或添加评论，请登录

Derek Springett的更多文章

  • When can a company "Trade As"?
    2025年2月20日

    When can a company "Trade As"?

    I get so many questions about "Trading As" that I again feel that I have to explain what is actually a very simple…

  • Should I keep my old trust or register a new one?
    2025年2月7日

    Should I keep my old trust or register a new one?

    I often meet with someone who registered a trust a few years ago and never used it. They now realise the benefits of…

    1 条评论
  • Should I record a capital loss when I sell my car?
    2025年2月7日

    Should I record a capital loss when I sell my car?

    A car is a fixed asset and if you sell it at a profit, would the gain will be subject to Capital Gains Tax? And if you…

  • Can I use my trust before it is registered?
    2025年1月21日

    Can I use my trust before it is registered?

    A trustee cannot act until he/she has Letters of Authority from the Master. So, the trust can do nothing until it is…

  • Can a Muslim leave a legacy?
    2025年1月9日

    Can a Muslim leave a legacy?

    I was interested to speak to a Muslim who said that he could not leave a legacy via a trust that continued generation…

  • CIPC and their new Beneficial Ownership Return mess
    2024年12月13日

    CIPC and their new Beneficial Ownership Return mess

    I guessed right. CIPC are now sending out warnings and in them they state that the Beneficial Ownership return must be…

  • Beneficial Ownership Explained
    2024年12月12日

    Beneficial Ownership Explained

    So many people are confused by this. So, here it is in as simple terms as the General Laws (Anti-Money Laundering and…

  • Why buy a shelf company?
    2024年11月14日

    Why buy a shelf company?

    I have been puzzled by the fact that we are still selling a lot of shelf companies. After all, it only takes a few days…

  • CGT allowance on sale of small business on retirement
    2024年11月7日

    CGT allowance on sale of small business on retirement

    You've built your small business (one with assets valued at no more than R10m) and now you want to sell it, use the…

  • How not to leave a legacy
    2024年11月1日

    How not to leave a legacy

    So many of the people that I speak to express a desire to leave a legacy. Many of them have formed a trust in the…

社区洞察

其他会员也浏览了