Quattro News
October 14, 2024
14 October 2024 Good morning Impressive scenes from SpaceX yesterday as they launched their Starship rocket into space while managing to return the 71m first stage Super Heavy booster to the launch site before catching it upright with two huge metal arms on the launch tower. Yet another […]
October 3, 2024
Quattro Life we can give you certainty against the backdrop of an uncertain world. The certainty of your children continuing at their current schools and aspiring to the same universities even if you are no longer around to provide for them.
October 1, 2024
Business Intelligence isn’t just about making sense of data. It’s about mastering it. Data, when properly interpreted, is a goldmine of opportunity.
September 11, 2024
Medical scheme membership is essential in South Africa. Medical Schemes not only fund and provide access to high-quality healthcare services.
May 17, 2018
Take note that the deadline for submission for your Return of Earnings (ROE) for 2018 is 31 May 2018 The amount is determined by calculating the amount of earnings paid by an employer to the employees, from the 1st March 2017 up to and including 28 February 2018. If you […]
August 13, 2020
Confused about your tax? SARS Auto Assessment 2020 Confused about SARS’s Auto Assessment? Have you heard the adverts and are you expecting a SMS? At Quattro Finance and Legal, we make tax easy. Speak to your Quattro Advisor today or call Quattro Finance and Legal on 031 242 5100 for […]
July 16, 2022
Are you on top of your sales for the year? Here are our Top 6 Areas for Success The COVID-19 pandemic has ravaged companies, sales, and many people’s livelihoods. As a company passionate about growing entrepreneurs and business owners, and as business owners ourselves, we encourage you to review the […]
July 30, 2022
Starting a Business? Why you need legal advice and what do you need to get started Starting a new business is a great feat on its own, and it is important that you have the right tools to ensure success in your business. This article first appeared on Legal Pursuit’s […]
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 […]
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.