What does the future of
trusts entails? Trusts have received a great deal of attention from the courts
in recent times and there is an increasing responsibility on trustees and a
greater exposure to claims. This makes it
increasingly important for professionals who set up and administer trusts,
trustees, as well as those who make use of trusts, to be aware of the
legislation and case law and how to interpret and apply it.
In this seminar
we will address the latest practical issues relating to trusts, and look at new
developments in light of the 2008 Companies Act and other legislation. We will
also address with what professional advisers should do for their clients to
ensure that a trust is regarded as valid and effective.
Topics to be covered will include:
- Trusts and likely tax developments and changes: is there a future for trusts?
- The 2008 Companies Act: personal liability and the use of trusts. Detailed discussion of pertinent sections of the Companies Act and latest case law in the context of trusts
- Other legislation: Tax Administration Act, Financial Services General Amendment Bill (affecting Pensions Fund Act)
- Trusts and other entities
- Tax planning for trusts in the light of future changes
- The formation of a valid trust: trust requirements
- A discussion of the parties to a trust
- Problems with the way trusts are formed, administered and amended
- Termination of a trust: clauses and consequences
- Wills and testamentary trusts: latest developments
- Detailed reasons and discussion of the practical uses and problems of a trust
WHO SHOULD ATTEND:
Professional advisers, financial planners, accountants and lawyers, trustees, beneficiaries of trusts, directors of companies and business people.
GEACH CA (SA) BA LLB (CAPE TOWN) M COM FCIS
Walter Geach is a Chartered Accountant, is an admitted advocate of the High Court of South Africa and a Professor in the Department of Accounting at the University of Western Cape. He is a Fellow of the University of Kwazulu-Natal and of the Chartered Institute of Secretaries Southern Africa. Walter serves as a non-executive director of various companies including Grindrod Ltd, Grindrod Bank, QDOS (Pty) Ltd and The CareCross Group of companies in healthcare. He is further a member of the audit committee and risk committee of Grindrod Ltd and a member of the audit committee of Grindrod Bank. Walter is the author/co-author of over 14 books dealing with company law, trusts, financial planning and taxation, which are extensively used in practice by accountants, consultants, lawyers and financial planners.
Attendance will secure 4 hours verifiable CPD points/units, incl. other professional bodies.
(SAICA, SAIPA, SAIBA, ACCA, FPI, ACIS, LSSA, FISA, ICB)
SAIT Members: R850.00
Affiliated Members R950.00