Absa Trust Services helps you provide care for your loved ones and transfer wealth to the next generation or a worthy charity.

Save on Estate Duty
Save on Estate Duty

The growth on assets, such as shares transferred to a trust, isn’t subject to Estate Duty because the growth belongs to the trust.

Assets are kept at fixed value
Assets are kept at fixed value

The value of any assets transferred to a trust is effectively frozen for Estate Duty purposes and dependants may not receive an income until after the estate is finalised.

A Trust doesn’t die
A Trust doesn’t die

A trust isn’t liable for Estate Duty, other taxes or costs such as transfer duty, executor’s fees or conveyance fees, which would be payable in the hands of your estate or heirs.

How to get it and what you can expect


Protection of assets
A beneficiary can’t sell a right in a trust (unlike shares in a company). If a founder or beneficiary becomes insolvent, the assets in the trust continue to be protected (unlike shares in a company).

Tax-efficient income splitting
Income from a trust can be structured in a number of ways to provide tax efficiency. For example, R100 000 earned by a trust can be split between five beneficiaries, so they earn R20 000 each.

Assuming they earn no other income, they would pay no tax as this amount is below the tax threshold.

Custodianship of assets
Custodianship of the assets of the trust prevents them from being squandered or wastefully dissipated, for example, in those instances where the beneficiary is a minor, insolvent, incapacitated or inexperienced in money matters.


We have good reasons why you should appoint us as a co-trustee:

  • You and/or your spouse may not have sufficient knowledge and time to manage the investments of the trust and fulfill all the legal and administrative responsibilities
  • Absa Trust will protect the interests of the beneficiaries (dependants, children, elderly parents, etc.) if you and/or your spouse should die or be incapacitated
  • The tax and Estate Duty advantages of a trust may be forfeited if the owners of the assets and founders of the trust, i.e. you and your spouse, are the only trustees
Types of Trusts
  • Testamentary trust
  • Inter-vivos trust
  • Beneficiary fund/employee benefit trusts
Duties of a trustee
  • To give effect to the trust deed
  • To take control of the trust property
  • To preserve the trust property
  • To collect debts due to the trust
  • To perform supervision and inquiry duty
  • To keep proper accounts and records as part of the administration process of the trust
  • To invest trust funds
  • To act, in the performance of his/her duties and the exercise of his/her powers, with the care, diligence and skill that can reasonably be expected of a person who manages the affairs of another.
Contact Wills Direct on

0860 627 775

Contact Trusts on

0861 238 886

Contact Estate Intake Centre on

0860 110 287


Need more help?

Let one of our consultants assist you.

Contact your Relationship Executive or Financial Advisor Or call Absa Business Banking on:

0860 040 302