The Taxation of Trusts in South Africa

Dear Michael,

I would like to make use of this opportunity to thank you for the valuable information you shared in your Book: “Taxation of Trusts in South Africa”, it has given me an opportunity to excel my support and advice to clients and trustees on the subject of Trusts.

Households and Businesses have become a physical and spiritual stronghold away from modern life in a process of emotion and idealistic simplification. It is now that business, financial and trust planning represents this interaction between the Planner /or Designer and the Client /or Trustee.

The trends and the stances in the Trust and Business industry that prevail today are based on a compromise between form and function, between aesthetic and pragmatism; in an attempt to achieve a harmonious balance between everyday needs and a broader, more elevated view on lifestyle, finances and investments, by way of preserving ones legacy and protecting ones business interests and wealth.

People like you should receive a Nobel price for adding value to trustees and business entrepreneurs for safeguarding their trusts. Trustees have a fiduciary duty by law to annual review the affairs of the Trust so by applying the principle set out in your book; they are satisfying their fiduciary duty. Additionally, the principles applied in your book will go a considerable way to ensuring the successful operation of the Trust and can be instrumental in avoiding a so called Trust failure.

Thank you again, and to your success!
Jean Kruger.