Namibia can still trust their trusts
09 September 2015, Willie van der Westhuizen
For many people
Namibia is associated with isolated landscapes rocky mountains and the Namib
dessert but in this vast and... beautiful country, there are hidden sand dunes of
opportunities, especially with the trust figure as a holistic estate planning
tool. The Namibian trust law is, compared to South Africa, a bit like “back to
the future” in that the Trust Monies Protection Act of 1934, which was repealed
in South Africa in 1989, is still applicable in Namibia. It is this relative
uncomplicated system also in respect of the tax dispensation, which appeals to
the informed.