SHORT DESCRIPTION

To update Business Accountants in Practice (SA) with the latest developments in trusts and estates and guide them well how they can start a trusts and estates practice as an additional income source.

WHAT YOU WILL LEARN

By the end of this webinar the participant should:  

• Get an overview of estate planning and trust law. 
• Understand accounting for trusts and deceased estates. 
• Understand how to draft an estate plan and administer an estate. 
• Understand how to correctly create and administer a trust. 
• Understand curatorship and the roles and responsibilities thereof

DECRIPTION

Are trusts still relevant today? The two main reasons why people favour the creation of trusts are;

• asset protection and
• business continuity.

Under most circumstances the assets of a trust are protected from creditors and trusts outlive their trustees.  

These two reasons make trusts attractive. However, the taxation and accounting treatment of trusts require special considerations that every business accountant and tax practitioner needs to be aware of.    

PRICE

The following pricing apply:

Adhoc: R475.00

Subscription: Included for free in Accountant in Practice, Accountant in Practice plus Tax and Bookkeeper packages.

CONTENT

Study Unit 1

Introduction to estate planning and trust law;

Study Unit 2

The Income Tax Act on trusts

Study Unit 3

Creating a valid and lawful trust

Study Unit 4

The roles, responsibilities and liabilities of:

• The trust founder; and
• Beneficiaries

Study Unit 5

Administering and terminating a trust.

Study Unit 6

The deceased estate administration process

Study Unit 7

Curatorship – roles and responsibilities

Study Unit 8

Creating a proper estate plan

Study Unit 9

Trusts and deceased estates – accounting treatment

REQUIREMENTS

There are no preconditions for this course.
Moderate level.
Recorded webinar made available on a specified date.

PRESENTER

Jako Liebenberg CA(SA)

Jako became a Chartered Accountant and Registered Public Auditor in 2001. His entire career has been in public practice except for a stint as CFO in the Free State Provincial Government from 2010 to 2012.

Jako consults for clients across South Africa on Accounting Standards and Compliance, Broad Based Black Economic Empowerment, Tax and Business Development. He serves as an assessor in the Free State High Court of Appeals as representative in Public Practice.

ADDITIONAL MATERIAL

By attending this webinar, you will be provided with: 

• Summarised slide presentation 
• Reference documents and / or course material where available 
• Access to a technical knowledge base