A short Introductory Course
This course is open for 100 days. Please scroll down for content.
This is a short introductory overview of the trust in South African Law and Practice. It is a short course, in other words it does not purport to set out trust law or the use of trusts in full. Not all aspects of trusts are covered. A trust should not be established merely on basis of information found here.
The purpose is to make prospective trustees and/or beneficiaries aware of what they are about when they agree to become trustees or have to determine their position as beneficiaries.
Therefore, this course does not constitute legal advice and is not intended as provisioning of legal advice. Any person who has to deal with trusts is strongly advised to consult a professional person who is knowlegable in the field of trusts. This course will allow a prospective trustee to tick the box on the acceptance trusteeship document, the J417, that he / she has enough knowledge to manage the trust as a lay person in the ordinary course of business with the assistance of a professional person.
We have taken care whilst building this short course. However, in the nature of this as a short course and this disclaimer, no responsibility or liability of any nature are accepted for possible inaccuracies, errors or omissions.
Excerpts from possible trust deed provisions, are examples and should not be used in a trust deed without professional assistance. Excerpts only refer back to a deed of a discretionary trust.