It is vital that a trustee is authorised by the Master before they exercise or undertake any trustee powers or duties. If this is not adhered to, these unauthorised acts are void and of no legal effect. This can place the trust, its beneficiaries and even the trustees themselves, depending on the circumstances, in a precarious position which could have financial or other adverse consequences.
Drawing up your own will: is professional assistance really necessary? Many people decide to draft their own wills to save costs. However, there are legal requirements which must be complied with for a will to be valid. Often these are not known to the lay person resulting in an invalid will when it is lodged