RECENT NEWS
Court baulks at wife’s ‘lavish lifestyle’ claims
To maintain a lavish lifestyle or not was the question the Gauteng High Court (Johannesburg) had to decide. A Pretoria News reports says a wife, who is divorcing her husband, wanted more than R127 000 maintenance a month for herself pending the divorce, as she said...
Why lawyers are fed-up with the shambles in Master’s Offices
Lawyers say the Master's Office is causing months, even years-long, delays for crucial legal administrative procedures that should take weeks. The Master's Office oversees numerous legal processes, such as winding-up estates of the deceased and bankruptcy and...
Covid death Will claim fails in High Court
The Western Cape High Court has ruled that there was insufficient evidence to show that a man who died in hospital from Covid-19 had intended to revoke his will and write up a new one in which he left everything to a farming trust instead of his three children. A Cape...
DON’T BE IN A HURRY TO DEREGISTER YOUR TRUST
Everybody is “up in arms” about the new anti-money laundering and combatting of terrorist financing measures introduced which affect trusts. It is interesting to watch how many ‘so-called’ advisers see an opportunity to ‘make a quick buck’ by advising their clients to...
Do Trustees and Directors have similar fiduciary duties?
Even though a trust is a unique entity, people often try to make sense of its nature by comparing it to a company, as a company is a well-known entity through which people operate their businesses. Both a trustee and a director have similar fiduciary duties bestowed...
Market Movements 27.02.23
The JSE Slipped lower throughout Friday's session, amid reports that South Africa has been greylisted by the Financial Action task Force (FATF). Source: FNB Securities”
Delays in winding up estates continue
The timelines for winding up an estate have improved since the peak of the Covid-19 pandemic but are still likely to take longer than before Covid, as pandemic backlogs and other problems persist. A year was a good expectation for an estate where the deceased left a...
Court case about section 2(3) of the Wills Act, 7 of 1953
Delport v Le Roux and Others [2022] ZAKZDHC 51 The applicant (D) brought an application under section 2(3) of the Wills Act, 7 of 1953 (the Act), asking the court to declare a document allegedly signed by the deceased (LR) as his last will and testament. The...
Market Movements 08.11.22
Markets rallied on Friday on hopes that China, the world's second largest economy, would ease its strict Covid-Zero policy.








