oa De Rebus - Attorneys as trustees beware! : practice note
|Article Title||Attorneys as trustees beware! : practice note|
|© Publisher:||Law Society of South Africa|
|Publication Date||May 2015|
|Pages||23 - 24|
I would like to bring to the attention of attorneys an issue that I consider to be highly relevant in the context of trust law. As far as I have been able to ascertain, attorneys most often accept the appointment as an independent outsider trustee without really considering the ramifications of this acceptance - they do so in order to accommodate their client, although they may have very little experience with trusts and trust law. They take on a risk that is not commensurate with the remuneration they might receive.
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