Mandela Day 2015

Legacy|FS celebrated Mandela Day at the Simondium Creche this year. We visited the crèche on Tuesday 21 July and spent our 67min painting Madiba with his iconic shirt. Looking at their needs, we provided them with musical instruments that will assist their new Movement and Musical classes. This will contribute to the development of their emotional, social, intellectual, small and large motor skills, concentration, hand eye co-ordination, cognitive and brain stimulation.

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Side pockets may be a headache for deceased estates and retirement funds

Side pockets may be a headache for deceased estates and retirement funds Alfie Bester and Legacy FS were mentioned in this article which featured in the Weekend Argus’ Personal Finance section: On August 15, the registrar of collective investment schemes at the Financial Services Board (FSB) issued a guidance note that set out how managers of collective investment schemes can create a retention fund (side pocket) to segregate illiquid African Bank assets.

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Taken on Trust

Taken on Trust By Roz Wrottesley This article was first published in the third-quarter 2014 edition of Personal Finance magazine. A testamentary trust (also known as a will trust) comes into being after the death of the testator, because the trust clauses are contained in the will. The main purpose of such a trust is to protect the assets in the estate for (and sometimes from) the beneficiaries. As with all trusts, a testamentary trust is a means of transferring…

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Mandela Day 2014

Mandela Day 2014 Legacy | FS partnered with the Simondium Creche near Stellenbosch this year, as part of our 67 Minutes for Mandela Day. We visited the creche on Wednesday 30 July and spent the morning assisting with some much needed renovations, as well as?spending time with the children. As part of meeting some of their needs, we handed over toys, teaching aids and new plastic motorbikes. It was an amazing experience and we were truly humbled by the reception…

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