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.