16 February 2023
9925
The role of the INDEPENDENT Trustee
Speaker Phia van der Spuy (Author of the Book: Demystifying Trusts In South Africa)
Phia will be covering the following topics:
1) What is an independent Trustee?
2) Why an independent trustee?
3) Who can be an Independent trustee?
4) What are the duties of an independent Trustee, Care, diligence and skill required of a Trustee.
5) Under what conditions would she recommend one should accept the appointment as an independent Trustee?
a) Control of the bank account of the Trust……
b) Regular meetings (Compulsory etc.)…..
c) Fees……
6) Liability for Negligence, Personal and Jointly.
7) Signing of documents
8) Accounting, auditing, and record-keeping
9) Who do Trustees account to?
10) The Trust account.
11) Custody of documents/Copies of documents.
12) Failure by Trustees to perform duties.
13) Remuneration of the INDEPENDENT Trustees.
Date: 22 March 2023
Time: 9am
Duration: 90 minutes
Link to Zoom: https://us02web.zoom.us/j/84852149509?pwd=M1dUNGlFTDhENmVhcW5kUlZBeTNhQT09
EARN 1.5 CPD POINTS