According to SARS, a discretionary trust is created when the founder transfers ownership of assets or property to the trustees to be held for the benefit of certain defined or determinable beneficiaries of the trust.
Phia van der Spuy, FISA member, FPSA® and founder of Trusteeze, has a regular column on trusts in Business Report/Personal Finance. Read what she has to say about trustees this week.
Read the article here.