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iol: Do not assume your accountant is taking care of the trust’s administration

In her regular column on trusts on iol.co.za, Phia van der Spuy looks this week at the administration of a trust. Most of the time the trust’s accountant takes care of the accounting and taxation aspects of a trust but not compliance and administration services, so do not assume that your accountant takes care of the trust’s administration.

Phia provides two useful checklists for you to check if the trust deed is current and the trust compliant.

She is a member of FISA, FPSA® and Founder of Trusteeze.

Read here.