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Knowledge track
Trusts Terms
Trusts glossary terms connected to legal problems, guides, resources, lawyers, law firms, and booking paths.
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Trusts TermsFeatured
Beneficial owner of a trust
A person or category of person who must be recorded as having beneficial ownership or control connected to a trust under trust, anti-money-laundering, SARS, or Master reporting rules.
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Inter vivos trust
A trust created between living persons, usually through a trust deed and administered by trustees under the Trust Property Control Act framework.
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Removal of trustee
The legal process or decision that ends a trustee's authority to act for a trust, either through the Master, a court, the trust deed, or other lawful basis.
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Testamentary trust
A trust created by a valid will, usually coming into effect after death and administered through the estate and Master's Office process.
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Trust
A legal arrangement where trustees administer property for beneficiaries or a permitted trust purpose under a trust deed and South African trust law.
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Trust deed
The founding document that sets out the trust's purpose, beneficiaries, trustee powers, administration rules, and amendment requirements.
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Trust property
Assets, rights, money, or property held or administered by trustees for the purposes and beneficiaries of a trust.
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Trustee
A person or entity authorised to administer trust property and carry out trustee duties under the trust deed and applicable law.
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Trustee letters of authority
The written authority issued by the Master that allows nominated trustees to act for and administer a trust.
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Client Document Pack
Trusts Document Pack
Trusts Document Pack: prepare Trust deed, Letters of authority, Trustee resolutions and identify missing records before legal advice.
TrustsChecklistDeceased Estate Checklist
Deceased Estate Checklist for preparing documents, facts, dates, and questions connected to wills and estates.
Wills and EstatesClient Document PackSars Objection Document Pack
Sars Objection Document Pack for organising documents, proof, records, and consultation materials connected to tax law.
Tax LawChecklistTrust Administration Checklist
Trust Administration Checklist for preparing documents, facts, dates, and questions connected to trusts.
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