You South Africa

5 questions about trusts

Send suggestions for topics and requests for info to yourmoney@you.co.za. We may answer your questions in this column but won’t reply personally.

THERE are many myths about trusts that can make them sound complicated. But trusts are a practical way to ensure children are taken care of if both parents die, or if one parent wants protect their kids’ inheritance. It’s worth setting up even if only for the proceeds from a life-insurance policy. Here are five things you need to know.

1 WHO NEEDS IT?

People with underage children (not

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