Trusts Beyond 2021: Important Short and Long-Term Risks and Benefits (Part 2)
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Trusts Beyond 2021: Important Short and Long-Term Risks and Benefits (Part 2)

CPD Hours: 2

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Trusts Beyond 2021: Important Short and Long-Term Risks and Benefits (Part 2)

Presenters : Prof Walter Geach

This webinar on demand is part of a series of webinars. Click here to read more


Overview

Trusts are widely considered to be effective planning vehicles that provide several benefits. Considering legislative changes in recent years and court judgments impacting trust law, it is now imperative to consider all the legal and administrative risks affecting trusts. 

In this comprehensive trust series, we will provide a full perspective on the critical legal and governance aspects to be considered by the various parties involved in trusts: The donors, beneficiaries, trustees, financial planners, tax advisors and accountants.

This Trusts Beyond 2021 series consists of four parts (each webinar can be attended independently):

Webinar 1: Trusts: Get the Basics Right

Webinar 2: Trusts: Important Short and Long-Term Risks and Benefits

Webinar 3: Risks for Trustees and Tax Practitioners in Trust Administration

Webinar 4: Specific Tax Risks Related to Trusts

Click here to view the full series.


Webinar content

Trusts: Important Short and Long-Term Risks and Benefits (Part 2) – 9 November 2021

  • What are the practical issues that arise when a trust is formed and when assets are put into the trust?
    • Consequences when the initial donation is not made.
    • Documentation required when assets are subsequently put into a trust.
    • Donations or loans? Risks and benefits associated with each.
  • Contracts: When are contracts involving a trust void?
  • How important is it to identify and properly describe beneficiaries?
    • The risks attached to a testamentary trust.
    • Vested rights vs discretionary rights: Risks and benefits of each.
  • What practical issues arise from amendments to a trust?
    • When are amendments invalid?
    • How can a Trust Deed be amended? 
    • Amendment in terms of Law of Contract.
    • Amendment in terms of the Trust Deed.
    • Master’s Directive on Deed of Amendments.
  • What are the inescapable consequences when there is a valid trust?
  • Sham trust vs alter ego trust:
    • The difference between a sham trust and a alter ego trust.
    • Pointers to avoid an alter ego/sham.

Who should attend?

Tax practitioners, tax managers, financial managers

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