Curator Articles | Pamela Waters-Oosthuizen Attorney & Conveyancer

CURATOR

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WHAT IS A CURATOR

Curatorship is the power given by law to one or more persons, to administer and protect the person and property of the person under curatorship.

A Curator is appointed by a court to manage the assets and financial affairs of another person unable to do so because of mental or physical incapacity.

It is not essential that a person be declared mentally ill in terms of the Mental Health Care Act before a curator can be appointed to his estate.

Courtesy of Boshoff Njokweni Attorneys ( http://bnlaw.co.za/ )

WHAT HAPPENS WHEN A BANK IS PUT INTO CURATORSHIP

The South African Reserve Bank has placed a small bank – VBS Mutual Bank – under curatorship. The decision was based on concerns that the bank was facing a liquidity crisis and could collapse, devouring depositors’ funds. Some have criticised the decision.

By Jannie Rossouw, Head of School of Economic & Business Sciences, University of the Witwatersrand.

Read the full article here: https://mg.co.za/article/2018-03-18-what-happens-when-a-bank-is-put-into-curatorship

CURATORSHIP – WHAT DOES IT MEAN TO BE PUT UNDER CURATORSHIP?

There are times when a person is no longer able to manage his or her financial affairs or to make well informed decisions. In situations where this is deemed to be the case, South African law makes provision for a curator to take responsibility for the individual’s affairs on his or her behalf to ensure that these are managed effectively.

By Snymans Inc. Attorneys

Read the full article here: https://www.snymans.com/advice/curatorship-what-does-it-mean-to-be-put-under-curatorship/

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