Administration of Deceased Estates

Overview

The multi-disciplinary topic of administration of deceased estates is an often-neglected topic, be it in the academic curriculum of either law or accounting. During this webinar workshop, we will walk through the entire process, provide tips, and equip you to identify pitfalls, focusing on:

• Recent ground-breaking case law on the definitions of ‘spouse’ and ‘parent,’ and the impact thereof on intestate succession and fiscal laws.
• Estate planning and wills.
• Role players in the administration process.
• Appointment and responsibilities of an executor.
• Drafting of the liquidation and distribution account.

Workshop-webinar content

This webinar aims to provide practical guidelines and tips on the smooth wrapping-up of a deceased estate, and addresses issues commonly encountered, such as (but not limited to):

• The drafting of a will (which might include generation-skipping).
• The applicability of taxes such as donations tax, transfer duty and estate duty.
• Accrual claims by or against an estate. 
• Common law and statutory claims for maintenance by either a dependant of the testator or a surviving spouse.
• Re-distribution agreements.
• Section 18(3) estates.
• Monetary advances to dependants during the period when an estate is frozen.
• The role of trusts.
• Executor’s fees.
• Master’s fee tariffs for deceased estates.

Upon wrapping-up of an estate, the executor is responsible for the preparation of a liquidation and distribution account – this is one of the most important tasks and responsibilities of an executor. In this session, specific emphasis will be placed on this aspect..

Outcomes

On completion of the webinar-workshop, you should have gained enough confidence to monitor the smooth execution of such a process and should be able to attend to the wrapping-up of a simple estate on your own.

Who should attend?

Tax managers/consultants, heads of tax, financial directors, accountants.

Presenters

Pieter and Ilse Lombard from Lombard Consulting specialise in:

• Financial and tax matters.
• General legal advice and contracting.
• Estate planning and trusts.
• Administration of deceased estates.

Pieter Lombard is a Chartered Accountant (SA) and holds tertiary qualifications in Tax Law and Administration of Deceased Estates, as well as Insolvent Estates.

Ilse Lombard is an Admitted Attorney with a BA (LLB) and holds additional tertiary qualifications such as H Dip Tax Law, a Certificate in Advanced Labour Law, as well as a Unisa-WIPO-accredited qualification in Intellectual Property.

CPD

This event and successful completion of the online assessment will secure 4 hours verifiable output Tax CPD points.

Event Investment

CPD Subscribers: Free to all 2021 Tax Practitioners and Tax Accountant CPD subscribers. Not a CPD subscriber yet? Click here to register now.

Regular price: R595.00

SAIT member: R475.00

Company price (five attendees maximum): R950.00

Payments & Cancellations

• All payments must be made by EFT or by credit card, at least 3 working days before commencement of an event.
• Kindly note that should payment not be received 2 days after the event, legal action will be taken
• Proof of payment will be requested at registration, if payment does not reflect on SAIT bank account.
• Cancellations:
  • Only written notice of cancellation will be recognized.
  • If the cancellation occurs more than 4 working days prior to the event no cancellation fee will be charged.
  • If the cancellation occurs less than 4 working days prior to the event a 100% cancellation fee will apply.
• Delegates who book and fail to attend will be liable for the full event fee.
• SAIT`s liability in the case of an event being cancelled will be limited to a refund or credit of the event fee.
• Please click here ;for the full terms and conditions.