Administration of Estates
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Global Estate Planning in the Digital Era (Full Series) - 2021

CPD Hours: 4

Price: R891.00


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Title / Topic

Global Estate Planning in the Digital Era (Full Series) - 2021


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.


Webinar series content

Webinar 1: International Estate Planning in the Digital Era: Key Considerations

Presented by Hugo Van Zyl and Phia van der Spuy, with guest speaker Anne Klein

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.

Webinar 2: International Estate Planning in the Digital Era: Estate Duty and other Administrative Issues 

Presented by Hugo Van Zyl and Phia van der Spuy, with guest speaker Tsitsi Mutendi

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.

Who should attend?

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

What's Included:

Global Estate Planning in the Digital Era - 2021 (Part 1)

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 a nd 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


2 Hours | R495.00
Hugo van Zyl, Phia van der Spuy CA(SA)

Global Estate Planning in the Digital Era - 2021 (Part 2)

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 a nd 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.


2 Hours | R495.00
Hugo van Zyl, Phia van der Spuy CA(SA), Tsitsi Mutendi

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