The significance of trustee independence for the validity and administration of a trust
| dc.contributor.advisor | De Waal, Marius Johannes | en_ZA |
| dc.contributor.author | Bothma, Pieter-Schalk | en_ZA |
| dc.contributor.other | Stellenbosch University. Faculty of Law. Dept. of Private Law. | en_ZA |
| dc.date.accessioned | 2020-10-20T18:31:29Z | |
| dc.date.accessioned | 2021-01-31T19:38:31Z | |
| dc.date.available | 2020-10-20T18:31:29Z | |
| dc.date.available | 2021-01-31T19:38:31Z | |
| dc.date.issued | 2020-12 | |
| dc.description | Thesis (LLD)--Stellenbosch University, 2020. | en_ZA |
| dc.description.abstract | ENGLISH ABSTRACT: The proper administration of the trust has proven to be fertile ground for academic study in South Africa. One aspect in particular, trustee independence, has contributed to divergent views in this respect. Of interest for this dissertation is the impact of trustee independence (or the absence thereof) on the validity and administration of the trust. It is well established that trustees have a duty to act independently, but the theoretical basis for this duty of independence remains the subject of debate. In this dissertation, two competing propositions, identified herein as the “establishment” and “fiduciary” propositions are examined. It is proposed that these propositions may be reconciled through the “independence duality model”, developed herein to provide a general theoretical basis for a trustee’s duty of independence. The dissertation commences with an analysis of the history of, and what is considered the motive for, the development of the trust form. From this analysis, the duality in trustee independence emerges that serves as the basis for the model introduced herein. The constituent parts of this model, the establishment proposition and fiduciary proposition, are further developed and it is proposed that this model serves as a sound basis to further explain the impact of a lack of trustee independence on the validity of a trust as well as the consequences that may follow where a trust, although valid, suffers from a lack of trustee independence. The dissertation concludes with an application of the independence duality model to practical trust problems, thereby illustrating the utility of the independence duality model in determining contemporary difficulties encountered such as “sham trusts” and the abuse of the trust form. | en_ZA |
| dc.description.abstract | AFRIKAANSE OPSOMMING: Die behoorlike administrasie van trusts bly ʼn vrugbare area vir verdere navorsing in Suid-Afrika. In hierdie verband het een aspek in besonder, naamlik ʼn trustee se onafhanklikheidsplig, aanleiding gegee tot uiteenlopende sienings. Van belang vir hierdie proefskrif is die impak van ‘n trustee se onafhanklikheid (of gebrek daaraan) op die geldigheid en administrasie van die trust. Dit is geyk dat trustees ʼn plig het om onafhanklik op te tree in die administrasie van die trust, maar die teoretiese basis vir hierdie plig bly onseker. In hierdie proefskrif word twee stellings wat poog om hierdie plig te verduidelik, naamlik die “geldigheid-stelling” en “fidusiêre-stelling, geïdentifiseer en verder ondersoek. Daar word aan die hand gedoen dat hierdie twee stellings versoenbaar is deur die ontwikkeling van die “tweeledige-onafhanklikheidsmodel”, ʼn model onwikkel in hierdie proefskrif om die teoretiese basis van ʼn trustee se plig om onafhanklikheid te verklaar. Die proefskrif begin met ʼn ondersoek na die geskiedkundige ontwikkeling, en beweegrede vir die ontstaan van die trustvorm. Hierdie ondersoek ontmasker ʼn tweeledigheid in die konsep van trustee-onafhanklikheid wat die basis vorm vir die tweeledige-onafhanklikheidsmodel. Die boublokke van hierdie model, die “geldigheid-stelling” en “fidusiêre-stelling”, word verder ontwikkel en daar word voorgestel dat dit ‘n verklaring bied vir die impak van ‘n tekort aan trustee-onafhanklikheid op die geldigheid van ‘n trust, asook die gevolge waar ‘n trust, nietemin geldig, steeds gebuk gaan onder ‘n tekort aan trustee-onafhanklikheid. Die proefskrif sluit af deur die tweeledige-onafhanklikheidsmodel te toets aan die hand van verskeie, praktiese, trustprobleme. Daardeur word die waarde van hierdie model om kontemporêre trustvraagstukke, soos “skyn trusts” (“sham trusts”) en misbruik van die trustvorm, te verklaar. | af_ZA |
| dc.description.version | Doctoral | en_ZA |
| dc.format.extent | 237 pages | en_ZA |
| dc.identifier.uri | http://hdl.handle.net/10019.1/109178 | |
| dc.language.iso | en_ZA | en_ZA |
| dc.publisher | Stellenbosch : Stellenbosch University | en_ZA |
| dc.rights.holder | Stellenbosch University | en_ZA |
| dc.subject | Trusts and trustees -- Legal status, laws, etc. | en_ZA |
| dc.subject | Trustee independence | en_ZA |
| dc.subject | Trusts and trustees -- Administration of | en_ZA |
| dc.subject | Trusts and trustees -- Validity of | en_ZA |
| dc.subject | UCTD | en_ZA |
| dc.title | The significance of trustee independence for the validity and administration of a trust | en_ZA |
| dc.type | Thesis | en_ZA |