by VDT Attorneys | Jan 3, 2019 | Commercial, Trust
Our courts have held that animosity and difference of opinion are not sufficient grounds for trustees to remove another trustee from office. But what is the position where a trust deed authorises the majority of trustees to request another trustee to resign and they...
by VDT Attorneys | Oct 17, 2018 | Boedelbeplanning, Boere, Estate Planning, Farming, Trust, Will
Sakkie Burger, ‘n senior direkteur by VDT Prokureurs, het op 15 Oktober 2018 met Lise Roberts van RSG Landbou hieroor...
by VDT Attorneys | Aug 8, 2018 | Child, Commercial, Estate Planning, Family, Trust
In South African law one must distinguish between two general types of trusts, namely a testamentary trust (established in your will) and an inter vivos trust, established in terms of a trust deed. The latter type includes your family trust. Both types of trust do not...
by VDT Attorneys | Apr 6, 2018 | Trust
The authority of a trustee to act on behalf of a trust is confirmed by the letters of authority issued to a trustee by the Master of the High Court. The power of the trustee to act is derived generally from the Trust Property Control Act 57 of 1988 and specifically...
by VDT Attorneys | Feb 7, 2018 | Child, Death, Estate Planning, Trust, Will
Our law determines that minor children (under the age of 18) cannot enter into contracts without the consent of their legal guardian (parent or court appointed guardian). By implication, this limitation also prohibits minors from inheriting assets while they are still...
by VDT Attorneys | Nov 16, 2017 | Commercial, Company, Estate Planning, Trust
The wish to simplify fiduciary duties, although an understandable one, should not be entertained at the expense of proper administration of a trust. As a trustee, it is the duty of the trustee to execute his or her fiduciary duties correctly and ensure that all...
