I get your drift racer.
But, am I wrong in saying that: If the court ruling is upheld, then, the law of this country will in effect be have been modified to the effect that you cannot decide to spend your money in a discriminatory fashion.
Something that is quite damn interesting.
The scariest part of this being upheld is that I think the constitution would need to be ammended to allow the courts to over-rule and intervene in private trusts. Of course they would have to stipulate under what circumstances the court could intervene, but where does on draw the line here? Think of the repercussions. One cannot base it on race alone and would have to extend to all basic human rights as stipulated by our constitution. It boils down to the courts being able to dictate ones presonal prejudices, or at the very least it would mean that ones motivations for bequeathing ones assets are brought into question upon death. This alone is contradictory in terms of the constitution as I understand it, because my right to be prejudiced (against anything) is protected. Incitement based on this prejudice is illegal and I agree with that, but is giving money away based on prejudice (which is actually not the case here but forms a part of the ruling) really considered incitement of anything? I think not.
And to those spouting that this has nothing to do with government, please broaden your horizons for a second before stating so. The repercussions are very much political, in every way and political parties and affiilations will be involved in this to some degree. To think they're not is rather narrow-minded...
If it was my grand father I would contest it and take the money for me. Screw the youth youth and money is wasted on them
Not a chance of this happening. You need to better understand what a trust is - it is a
separate legal entity run by a board of trustees who have to act in a manner that looks after the trust and its beneficiaries' best interests. Not even liquidating the trust would have the desired effect you're thinking of, and even liquidating a trust with positive cash flow and assets is not in the trust's best interests, so the board would not do so - it's quite a process to do so in any case as the liquidators are supposed to be separate. The alternative to this is trying to prove that the old bugger wasn't in a sound state of mind when he wrote his will or set up this trust fund. Not going to happen 70 years after the fact.
It reminds me of the First National Bank debacle which effectively changed property trust laws in SA. FNB had a representative on the board of trustees and IIRC the liquidators of the trust were a division of FNB - they valued the trust's assets at a substantial discount to fair value. They then placed no reserve on the assets when they went up for auction and FNB subsequently bought the assets on the cheap with nobody else bidding (because they didn't advertise the auction), and then went on to develop properties on the land they'd bought. They sold this off for millions in profit. Now the trust itself still had creditors to pay and the beneficiaries were lumped with the debt - so those who the cash was intended for landed up with substantial debt while FNB pocketed a few bar on the sly. They went on to sue FNB and eventually won but it does show how little say a beneficiary of a trust has - the board has the say in all matters.
So unless in this case the grandson is a member of the board of trustees, he has nothing to say about what happens...