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Personal Finance/IOL: Don’t assume a trustee has the board’s authority to act

Read the latest column on trusts by Phia van der Spuy. Phia is a FISA member, an FPSA® and founder of Trusteeze, and has also recently won the 2020 FISA Chairperson’s Award.

In the article she explains that outside parties that deal with a trust often assume that the trustees have both the authority and the capacity to enter into transactions binding the trust. Citing a few court rulings, Phia shows that this is not necessarily the case.

Read the article here.

 

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