January 24, 2024
Global economic resilience was exemplified through the grit of South Africa’s Dricus Du Plessis as he beat Sean Strickland to claim the UFC middleweight title on Sunday morning.
Quattro News
April 20, 2024
Are you in business? Do you have everything you need to succeed? Growing your business and ensuring its success are hard work. Whether you have one business or several businesses, we have rounded up our top items you need to succeed. This article first appeared on Legal Pursuit’s website. Read […]
April 22, 2024
Make Learning About Money Exciting for Kids Financial literacy is shockingly low among today’s youth. Recent studies show that only 24% of millennials demonstrate basic financial knowledge. This lack of understanding creates problems down the road. However, we can raise financially savvy kids by starting early and making lessons engaging. […]
June 11, 2024
Don’t Allow Emotion or Sentiment to Derail your Investment Strategy The market is predictable in its unpredictability, and it is certain to go through negative periods. However, anticipating exactly when these negative periods will occur is nearly impossible. Attempting to time when to be in the market (invested) and when […]
August 19, 2024
What is Gap Cover? How Does It Work and Why Do You Need It? Gap Cover was created to cover the “gap” between what a Medical Scheme pays and what you are responsible for paying for approved hospital admissions. Depending on what Medical Scheme and Option you are on, your […]
August 19, 2024
The “two Pot System” will change retirement as we know it. The so called Two Pot System will be implemented on 1 September 2024. This is the latest change in terms of retirement reform, and perhaps the single biggest change. This will impact on all individuals who are members of […]
August 22, 2024
In terms of the Trust Property Control Act 57 of 1988, a trustee can only act on behalf of a trust once authorized by the Master of the High Court. While there is no legislative requirement for the independence of trustees, the Supreme Court of Appeal case Land and Agricultural Bank of South Africa v Parker and Others highlighted the risks of trusts being abused when there is little or no independent oversight of trust assets. As a result, the Court recommended that the Master of the High Court consider the appointment of an independent trustee to ensure a clear separation between the ownership and enjoyment of trust assets.
Following the Parker case, a directive issued by the Chief Master of the High Court on 6 March 2017 requires consideration of appointing an independent trustee for new trusts. Although currently only a directive, this could potentially become a legislative requirement for both new and existing trusts. The independent trustee does not need to be a professional but must be qualified and committed to upholding the trust deed and scrutinizing the actions of other trustees.
For assistance or queries regarding your trust.
September 10, 2024
Life is unpredictable. From minor fender benders to unexpected home damages, surprises can come at any time. That’s why having short-term insurance is more than just a smart choice—it’s a necessity.
January 24, 2024
Global economic resilience was exemplified through the grit of South Africa’s Dricus Du Plessis as he beat Sean Strickland to claim the UFC middleweight title on Sunday morning.
April 20, 2024
Are you in business? Do you have everything you need to succeed? Growing your business and ensuring its success are hard work. Whether you have one business or several businesses, we have rounded up our top items you need to succeed. This article first appeared on Legal Pursuit’s website. Read […]
April 22, 2024
Make Learning About Money Exciting for Kids Financial literacy is shockingly low among today’s youth. Recent studies show that only 24% of millennials demonstrate basic financial knowledge. This lack of understanding creates problems down the road. However, we can raise financially savvy kids by starting early and making lessons engaging. […]
June 11, 2024
Don’t Allow Emotion or Sentiment to Derail your Investment Strategy The market is predictable in its unpredictability, and it is certain to go through negative periods. However, anticipating exactly when these negative periods will occur is nearly impossible. Attempting to time when to be in the market (invested) and when […]
August 19, 2024
What is Gap Cover? How Does It Work and Why Do You Need It? Gap Cover was created to cover the “gap” between what a Medical Scheme pays and what you are responsible for paying for approved hospital admissions. Depending on what Medical Scheme and Option you are on, your […]
August 19, 2024
The “two Pot System” will change retirement as we know it. The so called Two Pot System will be implemented on 1 September 2024. This is the latest change in terms of retirement reform, and perhaps the single biggest change. This will impact on all individuals who are members of […]
August 22, 2024
In terms of the Trust Property Control Act 57 of 1988, a trustee can only act on behalf of a trust once authorized by the Master of the High Court. While there is no legislative requirement for the independence of trustees, the Supreme Court of Appeal case Land and Agricultural Bank of South Africa v Parker and Others highlighted the risks of trusts being abused when there is little or no independent oversight of trust assets. As a result, the Court recommended that the Master of the High Court consider the appointment of an independent trustee to ensure a clear separation between the ownership and enjoyment of trust assets.
Following the Parker case, a directive issued by the Chief Master of the High Court on 6 March 2017 requires consideration of appointing an independent trustee for new trusts. Although currently only a directive, this could potentially become a legislative requirement for both new and existing trusts. The independent trustee does not need to be a professional but must be qualified and committed to upholding the trust deed and scrutinizing the actions of other trustees.
For assistance or queries regarding your trust.
September 10, 2024
Life is unpredictable. From minor fender benders to unexpected home damages, surprises can come at any time. That’s why having short-term insurance is more than just a smart choice—it’s a necessity.