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...

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...

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”

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...

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...

Markets rallied on Friday on hopes that China, the world's second largest economy, would ease its strict Covid-Zero policy.

The JSE saw a rather flat trade session on Friday and closed in the red as it tracked global peers lower. The All Share Index (-0.58%) and the Top 40 Index (-0.64%) fell to 66 584 points and 60 014 points respectively, by the closing bell. Industrials (-2.27%) were...

The applicant (P) and the respondent (S) were married in 2001, out of community of property with inclusion of the accrual system. They were getting divorced in 2015. The divorce trial started on 18 February 2015. Twenty days prior to the start of the trial P set up a...

Some estate planners and trustees are not aware that a trust is regarded as a separate taxpayer, who has to register as such, and who has to submit relevant tax returns. Trust income was always taxed in the hands of the trust unless it vested in the hands of the...