The formation of trusts is an essential part of leaving a legacy for when you have passed on. Trusts and the formation thereof are a deceptively complex matter. The size of the estate, the percentile that beneficiaries will receive as well as additional requirements that you wish attached to the trust formation, all these determine the type of trust that best suits your needs.
Receiving assistance in the formation of trusts from a lawyer experienced in Trust law is vital. At Pioneer we have the persons with the expertise you need to ensure that the trust formation that you commit yourself to is solid.
Testamentary Trusts
Trust that is formed on request of a will i.e. the death request of the settlor
Formation of the trust is to protect assets for minors until they are of age
The formation of this trust is very low cost
Inver- Vivos Trusts (Living trusts)
The formation of the type of trust protects the assets from the business risks of the founder
Preserving the benefits of the trust over a period of time for the beneficiaries
The ability to save on Estate duty
This trust formation can also be used to insure maintenance for a wife and child
Each has their own advantages and the formation of trusts is based on personal circumstance and wishes. We at Pioneer have the skills and knowledge that you will need to properly decide with trust formation is best for preserving that which you deem of value, for those who you most value. Trust us as so many have to provide you with the ability to successfully form a trust fund that suits your needs.
For more information on the formation of trusts contact us at Pioneer now.
