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By: Truwealth  11-11-2011
Keywords: Attorneys

Once we have received the original Trust documents, we will forward it to the attorneys for registration of the Trust at the Master's Office. The registration process takes approximately one month. Once the Trust is registered, we can go ahead and obtain the relevant property(ies) for you, which will be purchased in the name of the Trust. Every Trust must comply with certain regulations, especially tax regulations. You may make use of our Accounting Officer, who will ensure that your Trust complies with all relevant regulations. A monthly cost is applicable here.

Keywords: Attorneys

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Usufruct Information

It may be granted for life or for a specified time or until a happening of a specific event but where granted for a specified time or until happening of a specific event it will terminate if the use of usufructuary dies before such time or before such event has happened. As part of a estate planning excercise it is sometimes recommended that growth assets are transferred into a trust.