In this article in Blue Chip magazine, Dr Rika van Zyl looks at the rights of trust beneficiaries. She looks at the different types of trusts including discretionary trusts and bewind trusts, as well as aspects such as the rights of beneficiaries had they received a previous disbursement and/or if there has been a recurring payment.
In drafting the trust deed, it is imperative that practitioners understand the different rights that could be given to trust beneficiaries.
Read more here.
Dr van Zyl is with the School for Financial Planning Law at the University of the Free State and is an FPSA® and a CFP®