January 8, 2024
“It’s beginning to look a lot like Christmas, everywhere you go…” – Bing Cosby. Now that I have put that tune on repeat in your head, it is true to say that investors may have thought Santa had popped in early this November.
Quattro News
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.
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.
September 11, 2024
Medical scheme membership is essential in South Africa. Medical Schemes not only fund and provide access to high-quality healthcare services.
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.
November 13, 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.
January 8, 2024
“It’s beginning to look a lot like Christmas, everywhere you go…” – Bing Cosby. Now that I have put that tune on repeat in your head, it is true to say that investors may have thought Santa had popped in early this November.
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.
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.
September 11, 2024
Medical scheme membership is essential in South Africa. Medical Schemes not only fund and provide access to high-quality healthcare services.
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.
November 13, 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.