While purchasing real estate through a family trust offers more security than purchasing through a bank, there are other tax implications that could cause this to be a less desirable option for some buyers…
A trust is often described as a tripartite legal relationship. A trust is a structure which has been set up by the founder to which property is transferred and is then administered by trustees on behalf of one or more beneficiaries, in accordance with the deed of trust or will…
Our Constitution (at Section 25 of the Constitution) gives us all what is known as “freedom of testation”. It grants a testator extensive power to draft a will which directs how his or her estate’s assets must be distributed upon death.
A will allows a testator to dispose of the whole or any part of his/her estate (now known as the deceased estate) as he/she pleases…