TheLife Team

From Legacy to Liability: The Hidden Risks of Neglected Trusts

“Too many South Africans are sitting on neglected, non-compliant family trusts that haven’t been updated since the 1980s,” says Morne Janse van Rensburg, Managing Director at Hobbs Sinclair, a firm specialising in trust and company compliance, management and estate planning. “We regularly come across trusts where the original trustees have passed away, crucial documentation is missing, and tax returns haven’t been filed in years. It’s a ticking compliance timebomb.”

LERUO FOUNDATION’S YOUTHPRENEURS SUMMIT CELEBRATES COMMUNITY INNOVATION AND AWARDS R100,000 CHANGEMAKER PRIZE

The Leruo Foundation is dedicated to empowering women entrepreneurs and young business leaders in South Africa by providing mentorship, funding access, and skills development. The foundation focuses on three areas including women-led enterprises, supporting youth entrepreneurship, and promoting branding companies. By taking a hands-on, grassroots approach, the foundation ensures that aspiring business owners receive practical, tailored support to help them succeed in an increasingly competitive economic landscape.

It takes a nation to support and guide our youth

Tracy’s advice to all young people facing challenges is to “get involved and reach out”. At university she became a member of the student council, she played sport and found other support available to students. “When you start your studies, throw yourself into the experience. There’s so much support available if you look for it. You don’t have to go through it alone.”