Let a trust protect you during your life when you need it most
~ Written by Phia van der Spuy ~
March 13th, 2019
Lately a number of people who created trusts in the past are questioning their rationales for creating trusts, especially given new taxes implemented to discourage estate owners to structure their affairs using trusts. When transferring assets into a trust, it is not only about considering the tax savings or the additional taxes payable on such assets. It is also about a strategy to protect your assets, to create continuity and liquidity upon your death, as well as other considerations, such as a contingency plan should you develop a mental illness such as Alzheimer’s Disease.