Good afternoon. I would like to know how...

Asked by Anonymous on 26-02-2021 13:32:55
Question posted in the Family Law category relating to Gauteng

Good afternoon. I would like to know how long it can take to register a family trust and what are the requirements in order to open one? The little story is I'm married in a community of property but i would like to buy a flat for my family. Most of them are using passports (Drc). I have already found a flat and I'm about to sign the offer to purchase. I would like to know if it will be preferable for me to first register the trust then transfer the flat later under the trust. Or do i need to first register the trust then buy the flat later when the family trust is already registered. Also i would like to know some of my siblings do not live in South Africa, will that be a problem or it is ok even though they are not here? Thank you. 

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