• Fiduciary Services

Fiduciary Services

A fiduciary is a person who, when appointed, has a legal duty to act in your best interest. At BDO Wealth Advisers we pride ourselves in our independent and trusted advice, provided over the past 30 years by our legal advisers, CFP®’ s and FPSA®’s to ensure that both in your living years, and after, your family, wealth and wishes are protected. Taking your wealth beyond your living years and ensuring your legacy.

 

OUR FIDUCIARY WORK:

  • Legal agreements relating to wealth
  • Will and Estate planning
  • Deceased Estate administration
  • Trust administration

 

LEGAL AGREEMENTS

How do I make sure my business assets go to the correct person and that I get fair value on my death? How do I protect my hard work and make sure my family are protected should anything happen to me?

We can provide you  with legal advice on your buy and sell agreements, business succession plan, co-habitation agreements, family trusts, estate planning, guidance on business partner and shareholders’ insurance and more.

 

WILL AND ESTATE PLANNING

How do I ensure that my wishes will be carried out upon my death? I’m unsure as to what scenarios could play out on my death with respect to my wealth and responsibilities?

Let us help you plan for any eventuality.  We will coach you through possible scenarios that could have an impact on the management and distribution of your wealth at and after death, while minimizing estate duty, generation skipping transfer of wealth and income tax. Our experienced Legal Advisers and Fiduciary Professionals will draft your traditional and digital Will to capture your wishes and appoint your guardians and executors.

 

DECEASED ESTATE ADMINISTRATION

I’ve been nominated Executor to my parents deceased estate, I have no idea where to start? How do I ensure that my Will is executed correctly on my death? Can I appoint a fiduciary professional as agent to the Executor?

Losing a loved one is a state of life that is characterised by a range of mixed feelings, emotions and grieving. As Fiduciary Professionals, we are able to provide you with peace of mind that the administrative tasks of winding up a deceased estate will be efficiently and effectively addressed by BDO Wealth Advisers. We provide complete service offering in winding up deceased estates, from supporting 

of deceased estate administration. As Executor or Agent to your nominated Executor, we focus on the administration behind the scenes which allows you time to focus on your family’s needs.

 

TRUST ADMINISTRATION

Why a trust then?

As trustee, you act in a fiduciary capacity for the benefit of beneficiaries. Your primary role is therefore to act independently according to the terms of the trust deed and in the best interest of beneficiaries. The essence of your duty as trustee is underpinned by the governance and administration of the trust in accordance with the Trust Property Control Act and the specific requirements of the trust deed. As Trust Administrator, our objective is to provide the trustees with peace of mind that all aspects of good governance and administration have been addressed and are up to date.

We believe that by helping you get to the right solutions for the administration of the trust, we will be able to make a significant contribution to your role as trustee.

As Trust Administrator, we guide you to ensure the adoption of best practice in governance for the trust, specifically ensuring that:

  • resolutions are drafted and maintained
  • meetings are scheduled, and minutes recorded
  • an asset register is recorded and maintained
  • annual financial statements are prepared timeously; and
  • all tax compliance (returns and submissions) are prepared and submitted as required.

 

BDO TRUST PORTAL

A secure, central database of all trust related documentation and information, including trustees, beneficiaries and connected persons data and contact details. 

The Trust Portal gives Trustees online access to a library of resolution templates, agreements and documents to facilitate efficient recording of all actions and decisions taken by the trustees.

In addition, a conference call facility is available for hosting and recording of trustee meetings. Audio file records are permanently stored on the BDO Trust Portal for future reference.