trustee Archives - T Roos | Dynamic Tax and Accounting Firm

April 28, 2015

Published by Admin at April 28, 2015

The importance of the independent trustee

A well-known court case, Land Bank of South Africa vs JL Parker and Two Others (the Parker case) irrevocably changed the requirements for independent trustees to be appointed and placed renewed focus on the duties and responsibilities of all trustees. As a result of the Parker case, most Masters of the High Court now require an independent trustee to be appointed in addition to the trustees who are beneficiaries of the trust, and therefore will not issue a Letter of Appointment without at least one independent trustee being appointed. An independent trustee will be a person who is not related […]

October 8, 2014

Published by Admin at October 8, 2014

So wanneer is ek by magte om as trustee op te tree?

Die Wet op Beheer van Trustgoedere 57 van 1988 definieer ‘n trustee as “enige persoon (ingesluit die oprigter) wat optree as trustee uit hoofde van ‘n magtiging in terme van Artikel 6.” In die saak van Lupacchini teen die Minister van Veiligheid en Sekuriteit (16/2010) [2010], ZASCA 108 (17 September 2010), is die posisie van ‘n trustee wat sonder die nodige magtiging opgetree het, oorweeg, waar die trustee regstappe gemagtig het. ‘n Trust wat tot stand kom deur ‘n trustakte is nie ‘n regspersoon nie – maar ‘n spesiale verhouding beskryf deur die skrywers van Honoré’s South African Law of […]