Best Trusts Lawyers in Port Elizabeth

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BLC Attorneys

BLC Attorneys

Port Elizabeth, South Africa

Founded in 2000
50 people in their team
Afrikaans
English
ABOUT USWith offices located in Gqeberha (Port Elizabeth) and East London, the directors and staff of BLC Attorneys are committed to making a meaningful contribution to the economic and social development of the Eastern Cape Province and consequently, South Africa. We are committed to investing in...
Mc Williams & Elliott

Mc Williams & Elliott

Port Elizabeth, South Africa

Founded in 1853
50 people in their team
Afrikaans
English
ABOUT US‘Building lasting relationships through knowledge, experience and trust since 1853’ Looking for legal services you can trust? McWilliams & Elliott offers professional and expert conveyancing, attorney and notarial services backed by a team of dedicated, compassionate and...
BDLS Attorneys

BDLS Attorneys

Port Elizabeth, South Africa

Founded in 1978
50 people in their team
Afrikaans
English
Protecting the Law Since 1978We are Attorneys, Notaries and Conveyancers who have over 40 years of experience and we understand business and believe that it is our passion for work and the willingness of our professionals and staff that allows us to gain thorough knowledge of our clients’...
Van Heerdens Attorneys

Van Heerdens Attorneys

Port Elizabeth, South Africa

Founded in 2013
10 people in their team
Afrikaans
English
OverviewVan Heerdens Attorneys is one of Port Elizabeth’s most innovative and respected specialist providers of divorce and family law solutions.We provide the highest quality legal services to our clients by developing tailor-made solutions to their legal needs. Whether the matter can be...
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About Trusts Law in Port Elizabeth, South Africa

Trusts in Port Elizabeth, South Africa, are a legal entity established with the intent to protect and manage assets effectively. Trusts law is complex and constantly changing due to various legislative, case law and tax regime changes. Regulated by the Trust Property Control Act 57 of 1988, these legal entities are overseen by the Master’s Office. The Act legislates for stricter control over trust property and trustees to ensure beneficiaries' rights are suitably protected.

Why You May Need a Lawyer

Creating a trust involves several intricate legal steps and requirements that may be challenging to navigate alone. A lawyer's expertise would be vital in help drafting your trust deed, and ensuring that it is valid and consistent with your intentions. Similarly, if you've been named a trustee or beneficiary of a trust, a lawyer can advise you on your rights and responsibilities. Legal assistance is also crucial if a trust is involved in litigation due to disputes among trustees, beneficiaries or third parties.

Local Laws Overview

Several local laws are pertinent to trusts in Port Elizabeth, South Africa. The primary one being the aforementioned Trust Property Control Act 57 of 1988. This law strictly governs the duties and obligations of trustees. A trustee may only act in the best interests of beneficiaries and not for personal gain. Local tax regulations involving trusts are complex and continuously updated, with tax implications for income, donations and capital gains. Lastly, the law takes the protection of a minor's inheritance and person incapable of managing their affairs into account where trusts are involved.

Frequently Asked Questions

1. What is a trust?

A trust is a legal entity that controls the assets put into it for the benefit of named beneficiaries.

2. Who can serve as a trustee?

Any legal person - including a corporation - can be a trustee as long as they are not disqualified by the Trust Property Control Act.

3. What are the responsibilities of a trustee?

The trustee is responsible for managing the assets of the trust in the best interest of the beneficiaries, while adhering to the stipulations of the trust deed, and South African Law.

4. Where can I register a Trust in Port Elizabeth?

Trusts in Port Elizabeth are registered at the local Master's Office. It is advisable to consult a lawyer for the application process.

5. Can a trust be contested?

Yes, trusts can be contested in South Africa. Grounds for contesting may include undue influence, lack of capacity, or even fraud.

Additional Resources

The Master’s Offices, the South African Revenue Services (SARS) and the South African Law Reform Commission are key resources for individuals seeking additional information or assistance on Trusts. Moreover, the Law Society of South Africa offers various informative materials related to different aspects of Trusts.

Next Steps

If you are considering establishing a trust, or need legal assistance regarding an existing one, contact a reputable local lawyer specializing in Trusts law. Prepare a list of questions and any relevant documents for the meeting. The lawyer can provide you with legal advice tailored your unique circumstances. Trust law can be complicated– but with the proper legal advice, you can ensure your assets are protected and managed correctly.

Lawzana helps you find the best lawyers and law firms in Port Elizabeth through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Trusts, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Port Elizabeth, South Africa—quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.