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Trust Administration
Lighthouse Trust and Corporate
YOUR TRUST & 2022 BUDGET SPEECH The Minister of Finance, Enoch Godwangana, recently delivered his maiden budget speech, which was balanced and appeared to be well received across the board – the key focus being the stabilisation and recovery of the South African economy post the ravages of lockdown under COVID-19. The impact of the...
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Lighthouse Trust and Corporate Trust Administration Chamonie Buys
At the moment a level of uncertainty surrounds Trusts, this is due to SARS  clamping down on the compliance, use, management and administration of Trusts. The continued existence of a Trust as an entity which can be used for wealth preservation, legacy planning, risk management and estate planning purposes is not at risk.  That’s a...
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Lighthouse Trust and Corporate Trust Administration Will Drafting Company Secretarial
“Bankruptcy – a fate worse than debt” (Anon) One of a Body Corporate’s fundamental duties is to collect monthly levies from the scheme’s members, and to take robust action to recover any arrears. As with any other creditor/debtor relationship however, trying to recover debt can be an exercise in frustration and delay, and the more...
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Lighthouse Trust and Corporate Trust Administrationi Will Drafting Company Secretarial
 “The stance adopted by the Municipality at the trial demonstrated a disturbing lack of appreciation of its legal obligation to have provided E[….] with a safe working environment.” (Extract from judgment below)  Our courts do not tolerate any form of sexual assault or harassment in the workplace and a recent High Court decision confirms the...
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Lighthouse Trust and Corporate Trust Administration Will Drafting Company Secretarial
“The clean break principle after divorce has found resonance with our courts for many years.  The aim of this principle is to ensure that the parties become financially independent of each other as soon as possible after divorce.” (Extract from judgment below) Our courts always prioritise the interests of children in any marital breakup, and...
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Lighthouse Trust and Corporate Trust Will Drafting Company Secretarial Pietermaritzburg
“There is never a wrong time to buy the right home” (Anon) You find the house of your dreams, agree on the price and get ready to put pen to paper. The house is in the name of a company, and you are offered a choice – either buy the house out of the company...
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Lighthouse Tr
Cannabis in the workplace: can you dismiss? A recent CCMA (Commission for Conciliation, Mediation and Arbitration) ruling, in which an employee’s dismissal for smoking cannabis before work was set aside and he was re-instated, has garnered a lot of media attention. Unfortunately, some of the resultant articles and headlines may have given the inaccurate impression...
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Grandparents – When Must You Pay Maintenance? “An inability on the part of the parents to maintain a child must be established before a grandparent will be legally liable to do so” (extract from judgment below) One wonders how many grandparents are aware of (let alone plan for) the possibility that they may have a...
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Lighthouse Trust and Corporate LegalBrief
What Must You Prove to Remove a Trustee?    “…where there is disharmony, the essential test is whether it imperils the Trust estate or its proper administration” (extract from judgment below) Trustees are of course supposed to work together to protect and further the interests of their trust and its beneficiaries, but the fact is...
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Lighthouse Trust and Corporate LegalBrief December 2020
Before You Buy or Sell Property this Festive Season… “Who acts in haste repents at leisure” (Aesop) Our Festive Season is always a busy time for property sales, and this year should be no different – pent up demand, increased affordability, relocations, record low interest rates and availability of bonds are all factors likely to...
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