Grow your Practice: Setting up a Trust and Estates Practice
CPD Hours: 4
Price: R287.50
Grow your Practice: Setting up a Trust and Estates Practice
Presenters : Jako Liebenberg CA(SA)
Overview
Setting up trusts and overseeing the administration of deceased estates are essential services which accountants are capable of offering their clients.
Using trusts protects clients' assets from creditor claims and is essential for business, financial and estate planning. By creating trusts to safeguard clients' assets, the accountant creates a loyal client base for his/her practice.
The purpose of this event is to demonstrate how accountants should plan, create, manage, and oversee trusts and estates for their clients, and charge a fee for this service.
Learning objectives
By the end of this webinar the attendee should:
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Understand latest critical legislative, case law, and developments regarding trusts.
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Understand how to correctly create and administer a trust.
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Understand the tax implications of using a trust.
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Understand key legislation relevant to the deceased estate administration process; and
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Understand the deceased estate administration process.
Content
The webinar will cover the following topics:
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Introduction to trust law and estate planning.
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The Income Tax Act on trusts.
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How to create a trusts and estates practice.
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Selecting clients who need trusts.
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The 10 common errors and pitfalls in trust deeds and how to correct this.
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Creating, administering, amending, and terminating trusts.
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The role of the trust founder and beneficiaries.
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Income distribution: How to do it right and avoid creditor claims.
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Role of the accountant in the estate administration process.
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How to get appointed as the curator and what your role and responsibilities are.
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How to perform an estate planning process.
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Trustee’s and administrator's personal liability.
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Special trusts and PBOs.
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Davis Tax Committee recommendations.
