Trusts and Estates
Estate planning involves applying the law of property, trusts, wills, future interests, insurance and taxation to ensure an individual's affairs are in order - for his benefit and enjoyment, as well as that of his family, during his lifetime and after his death. The estate planning process should be aimed at:
- ensuring the practical implementation of estate plans
- minimising administration costs
- taking cognisance of legislative changes, and
- the protection of minors' inheritances.
PwC can assist individuals and your employees with:
- identifying the estate planner’s needs
- drafting the estate plan
- consultation with regard to wills
- formation of inter vivos or testamentary trusts
- implementing the estate plan
- administration of estates as executors or as agents of nominated executors, and
- determining the liquidity of the estate.
Trusts are used to secure investments as a complement to overall estate and financial planning.
- advise individuals on the formation of trusts as well as the tax and legal consequences of such an arrangement
- assist with the formation and registration of trusts
- assist with the implementation of the objects of trusts
- advise on the administrative requirements of trusts
- deal with the day-to-day administration of trusts, including the preparation of annual accounts and tax returns
- act as accountants or auditors of trusts, and
- provide registered office facilities.