by Sentinel | Jun 11, 2015 | Advisory Services
Parenthood automatically results in the obligation of a parent to support a child, this obligation is a common law duty that arises on the child’s birth and is also provided for in s 15(3)(a) of the Maintenance Act 99 of 1998, regardless of whether the child is born...
by Sentinel | Jun 11, 2015 | Advisory Services
Currently, interest paid to foreign residents are exempt in terms of section 10(1)(h) except where foreigners are physically present in SA for more than 183 during a year of assessment or conduct a business through a permanent establishment. In order to achieve...
by Sentinel | Jun 11, 2015 | Advisory Services
When I was approached to write a few words on “change” insofar as it applies to any fiduciary matter, I thought …great, what an opportunity to force myself to take some time to reflect, take some old notes, read some old articles and see what pops out. I have been...
by Sentinel | Jun 11, 2015 | Advisory Services
Current use of General Powers of Attorney As people get older and frailer, a practical solution is often for a family member, attorney, accountant or financial advisor to obtain a general power of attorney from that person (the principal), so that the trusted person...
by Sentinel | Jun 11, 2015 | Advisory Services
A true case study – Current Mr. A and Mrs. B had a joint will drafted in 1987. Mr. A passed away in 1991 leaving the residue of his estate to his surviving spouse. Mrs. B did not draft a new will after her husband’s death and survived him by 22 years. The Master of...
by Sentinel | Jun 11, 2015 | Advisory Services
Section 9.1 of the Trust Property Control Act 57 of 1988 states: “A trustee shall in the performance of his duties and the exercise of his powers act with care, diligence and skill which can be reasonably expected of a person who manages the affairs of another”...
