There are two types of special trusts recognised for tax purposes in the Income Tax Act. The first type of Trust is referred to as a Special Type A Trust. This is a Trust created for the benefit of a person or persons with a disability as defined in Section 6B(1) of the Income Tax Act. “Disability”...Continue Reading
You instruct a company to prepare and register a Trust and you accept, in good faith, that the Trust is valid. Sadly, it turns out that this was not the case as your Trust may turn out to have been invalid from inception if one or more of the following applies to your Trust: You signed the Deed of Trust in your...Continue Reading
Co-Habitation and the Law I was recently asked by a client to advise on the legal consequences of his “common law marriage”. His “wife” of 15 years had just passed on and had failed to sign her will. He was certain that he would still enjoy all of the benefits due to a spouse in terms of the...Continue Reading
12 Montrose Park Boulevard
Victoria Country Club Estate
Office Park
170 Peter Brown Drive, Montrose
Pietermaritzburg, 3201
KwaZulu-Natal
E: info@lhtc.co.za
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