Bob Mofokeng has approached you due to his recent diagnosis of a neurological disorder. He is currently updating his last will and testament and intends to distribute all his assets and related income generated, equally among his children in the event of his death. He has heard about the potential tax benefits associated with a special trust and is interested establishing such a trust in his last will and testament.

Required:

 Advise Bob on whether he may establish a special trust in terms of his will and discuss any possible tax advantages of a special trust compared to an ordinary trust.