Independent on Saturday

Trustees are accountable to the Master of the High Court

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

You’re reading a preview, subscribe to read more.

More from Independent on Saturday

Independent on Saturday4 min readInternational Relations
‘Cycle Of Retaliation Must Stop’
UN Secretary-General António Guterres has called for an end to “the dangerous cycle of retaliation” in the Middle East, echoing global calls for calm following reports of strikes on Iran by Israel after the Islamic republic’s missile and drone attack
Independent on Saturday2 min read
Pupil Aims For Olympic Dream One Lap At A Time
SARAH Sykes dreams of becoming a professional swimmer and the Midlands schoolgirl is working her way there one lap at a time. At daybreak when most tweens are still asleep, the 12-year-old puts on her bathing suit and plunges into a pool of cold wate
Independent on Saturday3 min read
Experts Sound Alarm Over Floods
“Alarming” consequences loom for KwaZulu-Natal if town planning regulations are not enforced to mitigate the effects of heavy weather. Non-compliance and lax enforcing, especially in built-up areas of KwaZulu-Natal, would continue to yield catastroph

Related Books & Audiobooks