Trustees are accountable to the Master of the High Court
Jan 16, 2021
3 minutes
PHIA VAN DER SPUY
A TRUSTEE of a trust is accountable at all times to the Master of the High Court and to beneficiaries. If trustees’ actions (a single or multiple trustees) contravene either the provisions of the Trust Property Control Act or the trust instrument, they could find themselves personally liable for losses suffered by the trust and may face removal as a trustee.
The Master can play a role in ensuring trustees conduct themselves in a proper way in accordance with the law and
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