When the Trustees are also beneficiaries of the Trust and the beneficiaries are related to each other, it is required that an independent third party also be appointed as a Trustee.
Be aware that various offices of the Master will not issue a Letter Of Authority if there is not an independent trustee, anyway.
SARS don't have any role here, other than to register the trust if required, for tax. That they may scrutinize the trust's taxes more closely in the absence of an independent trustee is a given .... but they scrutinize trusts anyway.
Trusts are about as toxic as a sub-prime mortgage.
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