Shows
Money, Markets and MastermindsAs trustees can be held personally liable, comprehensive risk cover is keyTrusts in South Africa are often misunderstood and mismanaged as if they were legal entities like companies, leading to joint liability for trustees. Family members commonly act as trustees, unlike in other countries where professional trustees, like attorneys, accountants, and financial advisers, predominantly manage trusts.As such independent trustees, who are usually professionals, guide these family trustees who often lack expertise. Independent trustees not only need to declare their qualifications to the Master of the High Court, but also require professional indemnity (PI) insurance to protect against possible liabilities from their trustee duties.However, independent...
2024-07-1217 minMoney, Markets and MastermindsAs trustees can be held personally liable, comprehensive risk cover is keyTrusts in South Africa are often misunderstood and mismanaged as if they were legal entities like companies, leading to joint liability for trustees. Family members commonly act as trustees, unlike in other countries where professional trustees, like attorneys, accountants, and financial advisers, predominantly manage trusts.As such independent trustees, who are usually professionals, guide these family trustees who often lack expertise. Independent trustees not only need to declare their qualifications to the Master of the High Court, but also require professional indemnity (PI) insurance to protect against possible liabilities from their trustee duties.However, independent trustees’ PI insurance might not co...
2024-07-1217 min
Business Brainwaves with Renate JuteTrust and divorceSeptember month is Trust month at Noble Prosperity and we are super excited to have Phia van der Spuy as our guest.In this episode, Phia and I discuss the impact of divorce on trusts.Phia van der Spuy is a Chartered Accountant with a Masters degree in Local and International Tax, a registered Fiduciary Practitioner of South Africa®, a Master Tax Practitioner (SA)™, a Trust and Estate Practitioner (TEP) and the founder of Trusteeze®, a professional trust practitioner. She also holds a B.Com honours degree in Industrial Psychology.To acce...
2021-09-2912 minBusiness Brainwaves with Renate JuteWhen can trustees act?September month is Trust month at Noble Prosperity and we are super excited to have Phia van der Spuy as our guest.In this episode, Phia and I discuss when parties may act as trustees.Phia van der Spuy is a Chartered Accountant with a Masters degree in Local and International Tax, a registered Fiduciary Practitioner of South Africa®, a Master Tax Practitioner (SA)™, a Trust and Estate Practitioner (TEP) and the founder of Trusteeze®, a professional trust practitioner. She also holds a B.Com honours degree in Industrial Psychology.To acce...
2021-09-2414 minBusiness Brainwaves with Renate JuteTrustees roles and responsibilitiesSeptember month is Trust month at Noble Prosperity and we are super excited to have Phia van der Spuy as our guest.In this episode, Phia and I discuss trustee roles and responsibilities.Phia van der Spuy is a Chartered Accountant with a Masters degree in Local and International Tax, a registered Fiduciary Practitioner of South Africa®, a Master Tax Practitioner (SA)™, a Trust and Estate Practitioner (TEP) and the founder of Trusteeze®, a professional trust practitioner. She also holds a B.Com honours degree in Industrial Psychology.To access more of m...
2021-09-2217 minBusiness Brainwaves with Renate JuteTrusts - DisclosureSeptember month is Trust month at Noble Prosperity and we are super excited to have Phia van der Spuy as our guest.In this episode, Phia and I discuss the disclosure applicable to trusts Phia van der Spuy is a Chartered Accountant with a Masters degree in Local and International Tax, a registered Fiduciary Practitioner of South Africa®, a Master Tax Practitioner (SA)™, a Trust and Estate Practitioner (TEP) and the founder of Trusteeze®, a professional trust practitioner. She also holds a B.Com honours degree in Industrial Psychology.To access more...
2021-09-1713 minBusiness Brainwaves with Renate JuteTrusts - Income vs Taxable IncomeSeptember month is Trust month at Noble Prosperity and we are super excited to have Phia van der Spuy as our guest.In this episode, Phia and I discuss the difference between income and taxable income.Phia van der Spuy is a Chartered Accountant with a Masters degree in Local and International Tax, a registered Fiduciary Practitioner of South Africa®, a Master Tax Practitioner (SA)™, a Trust and Estate Practitioner (TEP) and the founder of Trusteeze®, a professional trust practitioner. She also holds a B.Com honours degree in Industrial Psychology.To a...
2021-09-1508 minBusiness Brainwaves with Renate JuteTrusts - Who pays the tax?September month is Trust month at Noble Prosperity and we are super excited to have Phia van der Spuy as our guest.In this episode, Phia and I discuss who is responsible for the tax when it comes to income in trustsPhia van der Spuy is a Chartered Accountant with a Masters degree in Local and International Tax, a registered Fiduciary Practitioner of South Africa®, a Master Tax Practitioner (SA)™, a Trust and Estate Practitioner (TEP) and the founder of Trusteeze®, a professional trust practitioner. She also holds a B.Com honours degr...
2021-09-1021 minBusiness Brainwaves with Renate JuteTrusts - Tax-deductible expensesSeptember month is Trust month at Noble Prosperity and we are super excited to have Phia van der Spuy as our guest.In this episode, Phia and I discuss tax-deductible expenses in trustsPhia van der Spuy is a Chartered Accountant with a Masters degree in Local and International Tax, a registered Fiduciary Practitioner of South Africa®, a Master Tax Practitioner (SA)™, a Trust and Estate Practitioner (TEP), and the founder of Trusteeze®, a professional trust practitioner. She also holds a B.Com honours degree in Industrial Psychology.To access more of m...
2021-09-0808 minBusiness Brainwaves with Renate JuteTrusts - Tax and complianceSeptember month is Trust month at Noble Prosperity and we are super excited to have Phia van der Spuy as our guest.In this episode Phia and I discuss the new strategic objectives of the South African Revenue Services. Phia van der Spuy is a Chartered Accountant with a Masters degree in Local and International Tax, a registered Fiduciary Practitioner of South Africa®, a Master Tax Practitioner (SA)™, a Trust and Estate Practitioner (TEP) and the founder of Trusteeze®, a professional trust practitioner. She also holds a B.Com honours degree in Industrial Psyc...
2021-09-0315 minBusiness Brainwaves with Renate JuteRemoval of trusteesTrustees are legally vested with the administration of a trust’s assets. They must manage the assets and liabilities of the trust in terms of the provisions of the trust instrument and the law, and not necessarily in a manner that pleases the beneficiaries.Disharmony may exist in the administration of a trust but this is in itself not sufficient for the removal of a trustee.The court held in the Gowar v Gowar case of 2016 that the “overriding question is always whether or not the conduct of the trustee imperils the trust property or its...
2021-06-2506 min
The Laws of LifeAll you ever wanted to know about TrustsCliffCentral.com — Should you have a Trust? What are the benefits? In studio with Garry and team is Phia van der Spuy of Trusteeze. This show is presented in collaboration with LegalTalkSA.
2018-04-1000 min
Primedia BroadcastingAll things 'Trusts'Phia van der Spuy ,Founder and Chartered Accountant and John Assor, financial risk assessment and mitigation from Trusteeze talking about what a trust is.
2017-03-1657 min