Web19. Lerato made the following donation: (i) R3 100 000 to the Lerato trust, a discretionary inter vivos trust, on 1 January 2024 (ii) R2 100 00 to a registered public benefit organization on 5 May 2024 (iii) R10 100 000 to the Lerato Trust, a discretionary inter vivos trust, on 5 September 2024 (iv) R13 100 000 to the Lerato Trust, a discretionary inter vivos trust, … WebDiscretionary trusts can be discretionary in two respects. First, the trustees usually have the power to determine which beneficiaries (from within the class) will receive payments from the trust. Second, trustees can select the amount of …
Discretionary Trusts - What are they and how do they work?
WebAug 19, 2024 · Broadly speaking, trusts can shield your assets from divorce because assets in a trust are not owned by you. Trust property is owned by the trust itself, a legal entity. The trust’s assets are controlled by a trustee on behalf of the trust’s beneficiaries. If you are not a trust beneficiary, your ex-spouse is not entitled to the trust’s ... WebJul 15, 2024 · A discretionary trust allows a trustee discretion to make decisions about distribution, with some limitations specified in the trust document. A discretionary trust … foldable 10 commandments
Discretionary trust - Wikipedia
WebIn reality DAPTs are not solely a tool for protecting your assets during divorce, but have been a way for wealthy families and individuals to shield their assets from creditors. [2] … WebA discretionary trust is a useful tool included in a Will that protects from future disasters. This could be failing relationships and financial disasters, or even beneficiaries who are simply not equipped to deal with a potentially large sum of money or extensive assets. Assets: Some examples are money or property, which pass into the trust ... WebDec 9, 2013 · The April article described Florida Statutes Section 736.0504, entitled “Discretionary Trusts; effect of standard” and questioned whether that statute would protect a beneficiary of a... egg bites recipe baked