Overview
The administration of deceased estates is a critical compliance function for the orderly winding up of the financial affairs of the deceased, and the protection of the financial interests of heirs. This practical online short course will equip you with the knowledge and technical skills to be able to wind up a deceased estate. Over the course of eight weeks, you’ll gain an understanding of the regulatory and legal framework that underpins the administration of a deceased estate, learn about the procedural aspects for winding up an estate, and learn about the tax considerations of the deceased until death, and the calculation of estate duty. At the end of this course, you will be able to draft the liquidation and distribution account in the process of efficiently winding up a deceased estate.
Mode of delivery
Online and self-paced.
Effort and duration
Minimum duration: Eight weeks. The course must be completed in 12 weeks.
Weekly effort: Five to ten hours per week.
What you will learn in this course
The course is delivered online and covers the following topics and practical areas:
Topic 1: Introduction to the estate landscape and procedural aspects.
Topic 2: Deceased estate administration process.
Topic 3: Tax considerations during estate administration process.
Topic 4: Drafting the liquidation and distribution account.
Admission requirements
NQF 4/national senior certificate. It is recommended that applicants have prior experience in the administration of estates.
Outcomes
-
Understand the regulatory and legal framework that underpins the administration of a deceased estate, including various stakeholders in the estate, testamentary formalities, wills, reporting estate, and appointment of executor.
-
Perform the procedural aspects to be able to administer a deceased estate, including SARS and the Master of the High Court.
-
Determine the tax consequences of a deceased person and the estate.
-
Draft the liquidation and distribution account for a deceased estate.
Accreditation
This course is presented as a SLP by The Tax Faculty (TTF). TTF is accredited as a continuous professional development (CPD) provider by the South African Institute of Taxation (SAIT), a South African Revenue Services Recognised Controlling Body (RCB) under the Tax Administration Act, 2011 (Act No 28 of 2011).
TTF is registered as a skills development partner (SDP) under the Skills Development Act, 1998 (Act No 97 of 1998) by the Quality Council for Trades and Occupations (QCTO).
Assessment and award of certificate
Learners will have access to short ‘’test your knowledge” online quizzes to build up their skill and will be assessed through a final summative assessment. Successful learners will receive a SLP certificate of completion issued by The Tax Faculty. The SLP certificate is non-credit bearing. In addition, this just-in-time learning programme also qualifies for verifiable CPD.
Flexible payment options
Payment option 1: Once-off payment
Total: R5 950.00 (incl. VAT).
Payment option 2: Debit order
Application fee (non-refundable): R450.00 (incl. VAT).
Two instalments: R2 975.00 per month (incl. VAT).
Total: R6 400.00 (incl. VAT).
* First debit order will be collected on course start date. Remaining debit orders will be collected on the first working day of each month.
Payments and cancellations
- All required minimum payments must be made by direct EFT or by credit card before the commencement of a course. The once-off payment is required to be paid before the course start date, as well as the application fee of learners on a debit order plan (the first debit order is also required on the start date of the course).
- Kindly note that should debit order payment terms not be adhered to; legal action will be taken and access to the online learning platform suspended.
- Proof of payment may also be requested before access to the iLearn platform will be communicated, should your payment not reflect on The Tax Faculty’s bank account.
- Only written notice of cancellation will be accepted.
- Learners who have failed to successfully complete the course and wish to repeat, will be charged the full normal fee to repeat.
Conditions
For all short learning programmes (SLPs) with a seven-month or less rollout period, the following will apply:
-
If the cancellation is requested more than 10 working days prior to the course start date, no cancellation fee will be applicable.
-
If the cancellation occurs less than 10 working days prior to the course start date, a 100% cancellation fee will be applicable.
-
Students who register for a course and fail to attend will be held liable for the full course fee.
-
The course application fee is non-refundable.
-
The Tax Faculty’s liability in the case of a course being cancelled will be limited to a refund of the course fee.
Why wait?
Get your application in to avoid disappointment. Click below to start your application.
