I am a member of the Wills Estates and Trusts committee of the Cape Law Society and we had a meeting with the Head Master yesterday afternoon.
With little prior notice or warning the Master introduced new forms and procedures to be submitted and complied with as from November last year. This sudden change caught many practitioners off guard as they were still submitting trusts with outdated supporting documents to the Master. On top of this the Master also relocated their offices at the end of 2013 and both events led to a delay in the issue of letters of authority for trusts as the Master refused to administer trusts with supporting documents that are non-compliant with the new forms.
The good news is that at the meeting yesterday – the Master issued a kind of “moratorium” that they will accept the “old” and new forms up to the end of March. As from 1 April 2014 only the new forms will be accepted.
We thus urge all attorneys whose trust registrations “got stuck” with problems of such a nature to urgently contact the office of the Master to assist in this regard.
Meyer de Waal