The formation and registration of an inter vivos trust (living trust)

By |2022-05-24T15:59:59+02:003 May 2018|Estates & Trusts|

Trusts are regulated in terms of the Trust Property Control Act No. 57 of 1988. There are two main types of trusts available in South Africa, namely, an inter vivos trust and a testamentary trust. The main distinction between the two is that an inter vivos trust is established by the founder during his or her lifetime, whereas, a testamentary trust is contained within one’s Will and Last Testament and thus, comes into existence only upon the death of the testator/testatrix.

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