Are you a Trustee of an Inter Vivos Trust, but cannot find the original Trust Deed or Letter of Authority when the Trust’s Bankers ask for these details for FICA purposes? Do you have a query about an old estate, or need copies of documents from the Master’s office for some other purpose? Trusts: The …
Need copies from the Master’s Records? We can assist! Read More »
A South African client who owns property in Namibia and the UK, recently asked me what would happen to his offshore assets if he were to die while resident in South Africa. Although all the worldwide assets of a South African resident are potentially taxable under the Estate Duty Act, there may be assets that …
It is a common but unfounded belief that the State will take over your assets if you die without a Will. The Intestate Succession Act, no. 81 of 1987, sets out the rules of how the estate of a person who died without a Will should be divided between his/her family members. It specifically makes …
The Master recently published Guidelines setting out requirements for the appointment of an Independent Trustee, “where the trust is registered for the first time with the Master and it emerges from the Trust Deed that the trust is a “family business trust”. A “family business trust” is a trust where the trustees have the power …
What is the Role of the Independent Trustee after 1 March 2017? Read More »