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Mumbi – Independent Trusteeship for 1 year

Original price was: R6,200.00.Current price is: R2,400.00.

Trustees are integral to every trust and are tasked with making decisions and running a Trust on a day-to-day basis.

To be compliant with the law, you will need a minimum of three trustees if they are natural persons. One of these Trustees needs to be totally independent of you i.e. not with family relation or connection, blood or other to any of the existing or proposed trustees. This is referred to as being at ‘arms-length’ transactions

In addition, the law also gives an allowance for a minimum of two trustees if one of them is a juristic person and totally independent from the other trustees. A juristic person is a company or legal entity that is separate from a natural person.

SKU: MUMBIIT101 Category: Tag:

According to the Trust Property Control Act, as amended, it requires that Trustees apply their minds at all times. It is therefore imperative that you consider having Independent Trustees.

Mumbi Independent trustees offer this service as a juristic person – With the necessary legal, accounting, and Trust administrative experience, we are well qualified and competent to fulfill this service on your behalf.

We will study your Annual Financial Statements, resolutions, minutes and co-sign as the Independent Trustee to keep the Trust totally independent from trustee’s estates.

We will help you peruse contracts and agreements among other things. However, it is important to note that this service excludes the establishment or jointly getting into contracts and agreements.

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