Alf Macolino of Lynch Meyer (solicitors in SA) reports a significant increase in queries
about paying distributions to executors or administrators of deceased estates, without
obtaining a Grant of Probate or Letter of Administration. He advises you must insist on
one of these two proofs of authority. If you pay out incorrectly you would be required to
pay it out again to the correct estate.
Five Prime Trust directors found to a breach their duties when handing over $33 million to Bill Lewski
Corporate watchdog ASIC was successful in the Federal Court, obtaining a ruling that the five former directors of Prime Trust are liable for breaching their duties as officers of the trust APCHL. They agreed to the amendment of the Constitution of...