Trusts are very useful estate planning tools and can be used for a wide variety of purposes. It basically means that a person (founder) puts his/her trust in someone else (trustee) to manage assets on behalf of someone (beneficiary).

If a person dies without a Will, his/her deceased estate will be distributed in terms of the Intestate Succession Act. This is also known as the rules of intestate succession.

Parents are often concerned about what would happen to their children should they die before the children reach adulthood, or even after adulthood in some instances. They want to ensure that their assets, including their family home and investments, are protected and used responsibly to maintain and support the educational and general needs of their minor children until they reach a certain age.