Estate Planning: Wills and Trusts September 2024
Available from
27 September, 2024
CPD
3
Course Category:
Practice Management
Level:
Moderate
To provide guidance on the critical steps of estate planning and the importance of having a legally enforceable will. September 2024
Category: Practice Management.
R 375 VAT Incl.
Product Information
What you will learn
By attending this webinar you will gain the following competencies:
- Advise clients on the options to ensure business succession.
- Advise clients on the most appropriate mechanisms to protect assets and minimise tax liabilities.
- Identify appropriate circumstances to include a trust in the estate plan.
- Evaluate the different legal frameworks governing estate planning.
- Mitigate the most common challenges and risks impacting estate planning.
- Perform estate planning to address the unique needs and goals of clients.
Description
Professional accountants offering estate planning advisory services are obligated to carefully evaluate the various factors impacting the harmonious and effective structuring of assets within an estate.
Price
The following pricing apply:
Adhoc: R375.00
Content:
The webinar will cover the following topics:
- Definition of an estate.
- What constitutes an estate?
- Difference between probate and non-probate assets.
- Estate planning.
- Importance of estate planning.
- Tools for estate planning.
- Valuation of an estate.
- How to appraise real estate, personal property, and investments.
- Role of professional appraisers.
- Estate taxes and strategies to minimise them.
- Distribution of an estate.
- Process of distributing assets.
- Role of the court.
- Challenges in estate administration.
- Common disputes in estate administration.
- Legal remedies for resolving disputes.
- Types of beneficiaries.
- Primary vs. contingent beneficiaries.
- Per stirpes vs. per capita distribution.
- Rights of beneficiaries.
- Changing beneficiaries.
- How to update beneficiaries in wills and trusts.
- Legal implications of beneficiary changes.
- Disinheriting a beneficiary.
- Disputes involving beneficiaries.
- Common causes of disputes.
- Legal avenues for resolving disputes.
- Role and responsibilities of an executor.
- Duties in managing the estate.
- Responsibilities towards beneficiaries.
- Choosing an executor.
- Qualities to look for.
- Legal requirements..
- Compensation for executors.
- How executors are compensated.
- Factors that influencing compensation.
- Challenges faced by executors.
- Common challenges and how to overcome them.
- Legal liabilities of executors.
- Removal or replacement of an executor.
- Grounds for removing an executor.
- Process for appointing a new executor.
Certificate
The following CPD is awarded 3 Units Practice Management.
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. Jako is also a registered SAICA assessor for Trainees.
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