Grow your Practice: Setting up a Trust and Estates Practice

WHAT YOU WILL LEARN

By the end of this webinar the participant should:

• Learn how to start a trusts and estates practice as an additional income source.
• Understand latest critical legislative, case law, and developments regarding trusts. 
• Understand how to correctly create and administer a trust.
• Understand the tax implications of using a trust. 
• Understand key legislation relevant to the deceased estate administration process; and
• Understand the deceased estate administration process.

DESCRIPTION

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.

Learn how you can start a trusts and estates practice as an additional income source and grow your practice.

PRICE

• Adhoc – R575
• Subscription Package – N/A

CONTENT

Study Unit 1

Introduction to trust law and estate planning. 

Study unit 2

The Income Tax Act on trusts. 

Study unit 3

How to create a trusts and estates practice. 

Study unit 4

Selecting clients who need trusts.   

Study unit 5

The 10 common errors and pitfalls in trust deeds and how to correct this. 

Study unit 6

Creating, administering, amending, and terminating trusts. 

Study unit 7

The role of the trust founder and beneficiaries. 

Study unit 8

Income distribution: How to do it right and avoid creditor claims. 

Study unit 9

Role of the accountant in the estate administration process. 

Study unit 10

How to get appointed as the curator and what your role and responsibilities are.   

Study unit 11

How to perform an estate planning process.   

Study unit 12

Trustee’s and administrator’s personal liability. 

Study unit 13

Special trusts and PBOs. 

Study unit 14

Davis Tax Committee recommendations. 

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
• Recorded webinar that includes an expert presenter and participant interaction