Formation and administration of Inter Vivos Trusts, Testamentary Trusts, Special Trusts and other Trusts

There are many benefits to an Inter Vivos Trust, including asset protection and preservation, continuity, making provision for specific family needs, and tax efficiency. It is important that a Trust is not motivated by the desire to minimise tax, but rather to integrate it into a holistic well-structured estate plan. The devolved ownership, flexible constructions and protection of beneficiaries make Trusts an ideal solution to a range of complex and corporate situations.

Sentinel offers a range of solutions to these challenges – and creates the opportunities to meet our clients’ individual objectives, providing stability for the present and protection for the future. From first contact, we examine each client’s current requirements and future aspirations, and analyse already existing structures.

From tax and estate planning for private clients to specific Trusts such as Special Trusts, Charitable Trusts and BEE Trusts, Sentinel’s expertise guarantees that aspirations are realised and benefits maximised for all our clients.

Trust accounting and taxation

Sentinel is able to complete the annual financial statements and tax return of trusts. We specialize in trusts and therefore our accountants fully comprehend the attribution rules as well as distributions to beneficiaries, thereby minimizing taxation in the trust. Trust tax returns and the tax returns of the beneficiaries are synchronized to ensure maximum tax efficiency.

We take the time to understand each client’s personal requirements and offer a full range of Trust formations, including:

  • Inter Vivos Trusts (‘Living’ Trusts)
  • Testamentary Trusts
  • Special Trusts
  • Charitable Trusts
  • Trading Trusts
  • BEE Trusts
  • Educational Trusts

Trusts offer many solutions for personal and corporate efficiency, such as:

  • Asset Protection
  • Succession Planning
  • Creditor Protection
  • Family Provision
  • Tax Planning

Acting as the professional, independent trustee

We take the role of an independent trustee very seriously as it is one of great responsibility and which, if not complied with correctly, can have adverse legal, tax and practical consequences for the donor.  Our responsibilities for the administration of the Trust would include the following:

  • Ensuring that the trust property is adequately insured and funds are properly invested by measuring fund managers performance to approved benchmarks;
  • Determining the short, medium and long term income and capital needs of the beneficiaries;
  • Ensuring that the provisions of the trust deed are complied with and upheld at all times:
  • Ensuring that all the trusts’ statutory requirements are complied with;
  • The preparation and maintenance of a trust asset register (investments and fixed assets);
  • Conducting trustee meetings annually, bi-annually or quarterly, depending on the on the size of the trust and the type and level of investments;
  • The recording of the minutes of the trustee meetings and investment decisions;
  • The maintenance and safekeeping of the minute book;
  • The drafting of special resolutions and making minor changes to the trust deed;
  • The drafting of loan agreements;
  • Advising on the trust and ensuring that the trust is being utilized as an efficient estate planning tool;
  • General tax advice relating to the trust