Frequently Asked Questions
Basics
What is a trust?
A trust is an arrangement where assets are held on behalf of a group of people (beneficiaries) by a person or organisation (trustee).
Who is involved in a trust?
- Trustee: Holds and manages the trust’s assets.
- Beneficiaries: The people who benefit from the trust.
- Protector: May be appointed to oversee the trustees and replace them if necessary.
What is the purpose of a trust?
Trusts provide long-term financial security for families, preserve wealth, and enable multi-generational planning.
Costs & Currency
What does it cost to have an international trust?
Costs depend on the purpose of the trust. We offer very affordable options, especially for simple structures (like holding an insurance policy or single investment).
What currency applies to the international trust?
Trusts can hold accounts in multiple currencies such as USD, EUR, or GBP.
Do I have to convert from rand each time I transfer to the trust?
Yes. Every transfer from South Africa requires conversion, but this also protects your family from rand volatility.
Estate Planning & Benefits
What is the letter of wishes?
A document that sets out your intentions for the trust. Together with the trust deed, it guides how the trust operates.
Can a trust be the beneficiary of a policy on my life?
Yes. Many insurance companies allow this, making trusts an excellent estate planning tool.
Can I change my beneficiaries?
Yes. Beneficiaries can be updated through a written amendment or addendum.
Which assets can be held in a trust?
Almost any — property, investments, cash, collectibles, jewellery, and more.
What are the technical benefits of trusts?
- Estate planning (providing for dependents, avoiding probate)
- Preserving family assets
- Continuity of family businesses
- Asset protection for vulnerable family members
- Flexibility in distributing wealth according to your wishes
International Trusts
What is an international trust?
An international trust is a trust created in a country outside where the beneficiaries live.
How does an international trust differ from a South African trust?
South African trusts generally hold rand-denominated assets. An international trust can hold assets in multiple currencies and across many jurisdictions.
Who qualifies for an international trust?
Our trusts are designed to be affordable and are available to anyone. Many clients choose to contribute R2,000 or more per month, but you can start from as little as R250.
How long does it take to create an international trust?
Usually just a few days. Only basic documents (like ID and proof of address) are required.
Trustee & Protectors
Who are the trustees?
Independent trustees are appointed to hold and manage the trust’s assets in line with your instructions.
Why can I not act as trustee of my own international trust?
For the trust to be valid outside South Africa, it must be managed independently, not by the founder.
Do I have other forms of protection if I cannot be trustee?
Yes. You may act as a protector, giving you the authority to appoint or remove trustees. Trustees are also legally bound to act in accordance with the trust deed and letter of wishes.
Can trustees do as they please with trust assets?
No. Trustees must always act according to the trust deed and your letter of wishes.
Jurisdiction
How safe is the jurisdiction?
International trust jurisdictions are known for stable governance and legal protections.
Can I obtain residency in the trust’s jurisdiction?
No. Trusts do not provide residency benefits.
Are there other matters to consider?
Yes. Factors like travel access, tax treaties, and local rules may apply.