RECENT NEWS
Trustees have made distributions to beneficiaries to save tax, now what?
Many boards of trustees have made distributions (often on paper only) to beneficiaries for the trusts’ February 2022 financial year-end in order to pay less tax on trust income and capital gains. A number of trustees forget that it does not stop there – beneficiaries...
Market Movements 06.05.22
The JSE closed lower yesterday, in line with global peers, as investors digested US Fed and Bank of England (BoE) monetary policy decisions.
MONDAY MAYHEM WIPES 3.5% OFF JSE
Stock markets and oil prices slumped yesterday on growing concern that lockdowns in China aimed at fighting a worsening Covid outbreak could further harm a world economy battling decades-high inflation. The JSE's All-Share Index dropped 3.5% yesterday, with Anglo...
Anomaly in two important pieces of legislation addressed
Recent case again emphasises the importance of a will. By Amanda Visser 15 Mar 2022 00:04 Image: Shutterstock Life partners, whether in a same-sex or opposite sex relationship, will in future be treated as a “spouse”, allowing them to inherit or claim maintenance...
Market Movements
Market Movements Source: FNB Securities 03.03.2022
Market Movements
Market Movements Source: FNB Securities 01.03.2022
Market Movements
Source: FNB Securities The JSE edged further down on Thursday, inline with its global peers, as sentiment in the market turned on fears that geopolitical tensions in Eastern Europe could result in war.
CAN TRUSTEES RELY ON THE “MAJORITY RULE” TO MAKE DECISIONS?
Often trustees rely on the majority decision in trust instruments to make decisions. This is often done to deliberately exclude one or more trustees from decision making. The Courts have, however, in many cases, confirmed the ‘Joint Action Rule’, whereby trustees are...
Minister gets inside view of Master’s Office problems
Deputy Justice Minister John Jeffery has seen for himself the poor service the public and law practitioners have to put up with after making a surprise visit to the Master’s Office in Pretoria on Friday, reports Legalbrief. The inspection follows a previously...