Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Other Money & Services (https://www.askmehelpdesk.com/forumdisplay.php?f=238)
-   -   Starting a trust fund (https://www.askmehelpdesk.com/showthread.php?t=248077)

  • Aug 12, 2008, 06:12 AM
    daisyM
    Starting a trust fund
    How do I start a family trust fund?
  • Aug 12, 2008, 06:18 AM
    ScottGem
    Consult with a financial advisor
  • Aug 12, 2008, 06:25 AM
    daisyM
    I am writing all the way from South Africa Johannesburg. I would like to establish a family trust fund. I know how much I want to save moneywise and immovable properties I want included in the trust. I don't think a financial advsor will have answers - will tell me how much I can safe. I need to start a family trust fund as an entity and need to know how if this is doable without anyone's assistance.
  • Aug 12, 2008, 06:36 AM
    ScottGem
    A financial advisor or a fiancial attorney will know the legal dos and donts of setting up a trust. They will know what properties can and can't be put into it, the tax consequences and all the other Is that need to be dotted and Ts that need to be crossed.

    This is NOT a D-I-Y project, you need trained assistance.
  • Aug 12, 2008, 07:10 AM
    daisyM
    ScottGem,
    Thank you for your response. I think you have given me direction. I will first speak to the lw clinic here in Johannesburg where they give free advise and maybe they will point me towards the right direction and person.
    Thank you this was helpful. It is now 4:10pm and I will go home in another 2 hours.
    Sweet man you are helpful
  • Aug 12, 2008, 07:22 AM
    ScottGem
    I think that would be an excellent idea. Good luck

  • All times are GMT -7. The time now is 10:47 PM.