Overview   

Trusts and deceased estates require specialised tax and accounting treatment. Recently there have been many changes to the estate planning and trusts landscape that you need to be aware of. A notable example is Section 7C of the Income Tax Act which was amended specifically to address issues of tax avoidance and how trusts are funded.  

The administration of deceased estates falls under a new tax dispensation. What role do trusts play in estate planning?Do trusts play any role in financial planning? Are trusts even still relevant today? Get answers to these and any other questions you might have on trusts and estates administration. 

Sonja Frank is presenting this webinar where he will explain all critical aspects of trusts and estates as well as share his insights on specifics you should be aware of.  

Learning objectives  

By the end of this event the participant should: 

• Understand estate planning and trust law. 

• Know all the recent amendments to legislation. 

• Know how to draft an estate plan and administer an estate. 

• Know how to correctly create and administer a trust. 

• Understand curatorship and the roles and responsibilities thereof. 

• Know the Davis Committee recommendations. 

Content 

The webinar will cover the following topics:  

• Background to estate planning and trust law; 

• The Income Tax Act on trusts. 

• Recent amendments to legislation related to trusts and estates; 

• Creating a valid and lawful trust; 

• The roles, responsibilities and liabilities of the trust founder and beneficiaries; 

• Administering and terminating a trust; 

• Pitfalls in trust deeds and their remedies; 

• Taxation of resident and non-resident trust beneficiaries; 

• The deceased estate administration process; 

• Appointment as curator, roles and responsibilities; 

• How to do a proper estate plan; 

• Taxation of income in deceased estates; and 

• An update on the Davis Committee recommendations. 

Obtaining your CPD certificate 

This webinar qualifies for 2 CPD hours with your professional body including: ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA. The SAAA CPD policy is compliant with IFAC IES7 and is recognised by all relevant professional bodies. 

All attendees are issued with a CPD certificate available in an online profile. 

About the presenter 

Sonja Frank

Sonja obtained a BA LLM (cum laude) from Stellenbosch University and was admitted as an Attorney of the High Court during August 1995. She was admitted as a Master Tax Practitioner during August 2008. She has also completed a Post Graduate Diploma in Tax Law at the University of Stellenbosch (cum laude) and obtained an Advanced Diploma in Tax Procedural Law (with distinction) from the Thomas Jefferson School of Law. She provides legal and tax advice to clients and manages the Fiduciary Services division of Exceed Trust (Pty) Limited.

Who should attend 

The following persons will benefit from attending this webinar: 

• Professional Accountants including: RA(SA), CA(SA),PA(SA) and BAP(SA); 

• Accounting officers; 

• Bookkeepers; and  

• Accounting department staff. 

Price       

• R475.00 - Online admission - Individual. 

• R 950.00 - Online admission - Company. 

• R 0.00 - Paid CPD package subscribers.  

Steps to register for the event:  

1. You can either attend the event as a non-CPD subscriber or as a CPD subscriber.  

   • Option 1: Non-CPD subscribers pay the full event price.  

   • Option 2: Paid CPD Subscribers pay a monthly fee and attend the event at no additional cost.   

2. Under both options you first have to obtain a free CPD Subscription account. This gives you access to free events and registers you as a user on the system.  

3. Once you have a free profile you can select between Option 1 or 2.  

4. Find out more about the benefits of being a CPD subscriber and attend this event for free - Click here 

Additional material 

By attending this webinar you will be provided with: 

• Summarised slide presentation 

• Reference documents and / or course material where available 

• You can ask questions during the webinar and you will also have access to me the presenter after the webinar