Should You Step Up? The Reality of Becoming a Trustee
For many property owners in South African sectional title schemes, the Annual General Meeting (AGM) is a routine formality. But when the call for nominations goes out, you might find yourself wondering: Should I become a trustee? It is an act of service that keeps a co-existing community functioning, yet it is far from a […]
Have you taken the necessary action yet?
Let us help you make sure your trust and trusteeship is compliant. The Trust Property Control Act 57 of 1988 (hereinafter “the Act”), a pivotal legislative framework governing trusts in South Africa, has recently undergone a significant transformation through the enactment of the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act. This regulatory overhaul aims to fortify the nation’s trust governance …
Voor – en nadele van trusts
Trusts hou verskeie voordele, maar ongelukkig ook nadele in. Alhoewel hierdie waarskynlik nie ‘n samevatting van alle voordele en nadele is nie, deel ons graag ons ondervinding van die vernaamste voor- en nadele by die oorweging van ‘n Trust met u. Voordele: Groei wat in die trustbates plaasvind, vestig in die Trust en nie […]