Are you a trustee? Urgent attention required
Amendments to the Trust Property Control Act and new reporting requirements introduced by SARS to enhance transparency, reporting and compliance and to comply with recommendations from the Financial Action Task Force (FATF) to eventually get South Africa off the grey list, mean an onerous and huge burden on trustees. Firstly, trustees have to collect, […]
Letter of Wishes: The what, why, when, when not, where and how
by Gina Lazarides What is a Letter of Wishes? A letter of wishes is a private document that is generally not enforceable and binding in law, which is written supplementary to a will and testament or a trust deed. It provides useful guidance as to the deceased’s wishes to executors, guardians and heirs […]