<< Back to Fiduciary services

The administration of a trust entails:

• receiving and controlling trust assets
• making investments according to the stipulations of the trust deed, the needs of the beneficiaries and investment objectives
• making regular maintenance payments to beneficiaries

In terms of the law, trustees are expected to report to:

• Fellow trustees, beneficiaries and guardians of minor children
• The South African Revenue Service
• The Master of the High Court (if so requested)

Lastly, the administration of a trust entails that trustees must provide advice to fellow trustees and beneficiaries. While the trustees ultimately remain responsible for the administration of the trust, they may outsource this function, usually to a reputable trust company.

Contact an intermediary now for expert advice.

<< Back to Fiduciary services