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Posts Tagged 'trust attorneys'

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Trustees And Personal Liability - Trust Law Attorneys

Some might have heard of the term ultra vires, which is a Latin phrase loosely translated to ‘without authority’ or ‘beyond powers'.

When A Trustee Cannot Be Trusted

The responsibilities and obligations of a Trustee are fiduciary in nature, much in the same way as those of a company director. Trustees ought to conduct themselves in a manner that serves the best interests of the trust and the beneficiaries. Where the conduct of a trustee negates this notion therefore, he/she may be removed from such position.

Be careful when dealing with Trusts!

The recent case of Smith v ABSA Bank Limited yet again demonstrates the extreme caution that must be taken when dealing with a Trust.

Business dealings with Trusts are most likely to occur when immovable property is sold or purchased by the Trust. 


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