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: Estate Duty and other Administrative Issues 

What are the Estate Duty implications and administrative considerations when estate planning within the international and digital landscape?

• Social media and its impact as a digital asset:
  • Guidance on Facebook succession rules if not logged in for 1 year.
  • Facebook and its associated social media platforms – lack of uniform rules.
• Exchange control considerations for South African residents inheriting foreign assets:
  • Using new loop rules to ensure no USA throwback tax.
  • Using loop rules to side-step a South African estate administration nightmare.
• The Liquidation and Distribution Account, foreign assets and SARS return REV 267.
• Tax roll-over consequences where a spouse is a non-resident.
• Administration issues – foreign wills and foreign trusts.
• Non-resident ownership of immovable property in South Africa (Section 25 of the Administration of Estates Act).
• Are there alternatives to foreign trusts?
• Liability for Estate Duty when a policy is paid out to a foreign ‘new’ family member who is a non-resident.
• Can you escape Estate Duty on certain foreign policies?
• The status of international pension plans – are they Estate Duty free?
• Unclaimed retirement fund contributions – deemed asset considerations:
  • What are the implications if you tax emigrated?
  • Proposed section 9HC – tax on retirement funds held by non-residents:
    • Tax and 7% interest not paid yet – is this deductible for estate duty purposes?

• Guest speaker: Focusing on African family businesses:
  • What are the typical challenges we face?
  • Helping African family businesses with family wealth, estate, and succession planning and to design and institute family governance and/or family constitutions.

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.

Tsitsi Mutendi

Co-Founder African Family Firms, Expert in Family Governance

Tsitsi is a well-versed, award-winning businesswoman with over 12 years’ experience, building her own successful businesses. Tsitsi is recognized globally for her business acumen and world-class delivery. Through various board appointments in numerous industries, Tsitsi has had exposure to many global business development strategies, especially in Africa. Tsitsi is a certified family business advisor and family wealth advisor through the global family business education network, Family Firm Institute. Tsitsi is an alumnus of the Fortune/US State Dept Global Women’s Mentoring Programme, a member of the African Leadership Network and an Athena 40 Speaker.

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.

25% discount on purchase of full series.

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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