Global Estate Planning in the Digital Era

Overview

Estate planning is a strategic exercise and should take a multitude of factors into account. The instances of cross-border and digital investment have increased at a rapid pace over recent years. Asset ownership in foreign jurisdictions and digital assets are now key considerations when planning an estate. 

In this series, we will look at the critical aspects to be considered by the various parties involved in estate planning, with a focus on estate planning within the international and digital landscapes. This series consists of two parts (each webinar can be attended independently):

Webinar content

International Estate Planning in the Digital Era: Key Considerations

What are the key considerations for estate planning within the international and digital landscape?

• Estate Administration and the Trust Property Control Act:
  • Do we accept the concept that a family, asset or business trust is under attack?
  • Why do we continue to use trusts, in and outside South Africa?
• How to submit a South African will in a foreign jurisdiction – master process and the translation issues we face.
• Digital assets – what is included?
  • Cryptocurrency.
  • Non-fungible tokens (NFT).
  • Fintech banks.
  • All money wallets (including Wise and PayPal).
• Ordinarily resident v treaty resident status – valuation issues:
  • Residency considerations for estate duty.
  • Valuation issues.
  • Participation exemption on disposing/bequeathing 10 per cent or more held in a foreign company.
• Why it is dangerous bequeathing the free residue in an estate without first dealing with:
  • Digital assets.
  • The foreign assets.
  • Assets in civil jurisdictions.
• Joint accounts and investor visa properties held in countries where a South African trust or typical offshore trust is frowned upon.
• How to plan for and manage forced heirship issues, with a focus on:
  • Mauritius.
  • EU – The Spanish Villa and the Portuguese Golden Visa Property.
  • Assets exposed to USA death and gift taxes.
  • Sharia Law countries.
• Guest speaker: The research done by FirstRand Bank to guide their clients and include digital assets in their estate planning advisory and estate administration process.

Click here to book for the Full Series.

Who should attend?

Tax managers/consultants, heads of tax, professionals involved in estate planning or administration of estates

Presenters

Hugo van Zyl
CA (SA) TEP MTP(SA) MCom (Tax)

Based in Cape Town, Hugo runs his own private tax practice as well as a joint venture tax and formal emigration business.

Hugo emigrated his first client in May 1993, two months after the Chris Hani murder, and since then he has lectured SA expats, SA capital gains tax and income tax in Los Angeles, New York, Chicago, London, Amsterdam, Dubai, Abu Dhabi, Mauritius, as well as locally throughout South Africa. Since 1993, Hugo has assisted several expats, Saffas and global citizens in entering and exiting South Africa, not only from a tax perspective but also as a cross-border exchange control and multi-jurisdictional trust and estate specialist.

In 2014, 2016, 2017 and 2019, Hugo was an active tax specialist and fiduciary panellist at the Tax Indaba. In 2020, he was a guest speaker at national AGM of the Fiduciary institute of South Africa. He has presented webinars for both the South African Institute of Taxation (SAIT) and The Tax Faculty and a country-wide roadshow on the then new section 7C tax rules.

Hugo is not only a PBO/NGO specialist providing tax and practical advice; he also spent many years as national treasurer for both the Association of Round Tables (ARTSA as it was then known) and Chaine des Rôtisseurs Afrique de Sud (www.chaine.co.za).

Hugo is known by his international Twitter handle, @wegkaner.

Phia van der Spuy

CA (SA) TEP MTP (SA) MCom (Tax)

Phia is a chartered accountant with a master’s degree in local and international tax, a registered fiduciary practitioner of South Africa, a master tax practitioner (SA), a trust and estate practitioner (TEP) and the founder of Trusteeze (a company that digitised trust administration and accounting). She also holds a BCom honours degree in Industrial Psychology. Trusteeze is evolving and is becoming a digital solutions provider in the fiduciary space – a true disrupter. Phia writes about trusts and estate planning in various national newspapers on a regular basis. She is a guest speaker and guest lecturer on the topic of trusts and estate planning. She also published a book called, Demystifying Trusts in South Africa.

Anne Klein

Head for Solutions, Fiduciary Advice, FNB Premium.

She is an attorney, notary, and conveyancer, she holds a BIuris degree as well as an LLB, has full membership of STEP, serves on the FISA disciplinary committee, was profiled in the Annual Guide to the World’s Top Lawyers 2021 and was awarded Fiduciary Lawyer of the Year: South Africa, 2019. The team that Anne operates in is highly skilled and their focus is on finding wealth and succession solutions for clients. They are innovative, drive change and trends in the local and global advisory space.

CPD

This event and successful completion of the online assessment will secure 2 hours verifiable output Tax CPD points.

Event Investment

CPD subscribers: Free for all 2021 Tax Practitioner and Tax Accountant CPD subscribers.

Regular price: R495.00

SAIT member: R395.00

Group price (five attendees maximum): R950.00

Payments and 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 been received 2 days after the event, legal action will be taken
• Proof of payment will be requested at registration if payment at that point in time has not been reflected on The Tax Faculty's bank account.
• Only written notice of cancellation will be recognised.
• Cancellation conditions:
  • 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.
• The Tax Faculty'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.

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